0000919574-12-000036.txt : 20120105 0000919574-12-000036.hdr.sgml : 20120105 20120104182124 ACCESSION NUMBER: 0000919574-12-000036 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120105 DATE AS OF CHANGE: 20120104 EFFECTIVENESS DATE: 20120105 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEQUOIA FUND INC CENTRAL INDEX KEY: 0000089043 IRS NUMBER: 132663968 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-35566 FILM NUMBER: 12508179 BUSINESS ADDRESS: STREET 1: 767 FIFTH AVE STREET 2: SUITE 4701 CITY: NEW YORK STATE: NY ZIP: 10153-4798 BUSINESS PHONE: 2128325280 MAIL ADDRESS: STREET 1: 767 FIFTH AVE STREET 2: SUITE 4701 CITY: NEW YORK STATE: NY ZIP: 10153-4798 FORMER COMPANY: FORMER CONFORMED NAME: CIMARRON FUND INC DATE OF NAME CHANGE: 19700625 0000089043 S000012155 SEQUOIA FUND INC C000033159 SEQUOIA FUND INC SEQUX 497 1 d1255448_497.htm d1255242_497.htm
SEQUOIA FUND, INC.

Supplement dated January 4, 2012
to the Prospectus dated May 2, 2011

 
 
 
 

 
The following is added as the first paragraph under "PURCHASE AND SALE OF SHARES – How to Buy Shares" in the Fund's Prospectus:

Effective January 9, 2012, the Fund will be closed to new investors seeking to purchase Fund shares indirectly through financial intermediaries and other financial services organizations.  In addition, transfers of one share held by an existing shareholder to any such new investor will not be permitted.  Subject to its right to reject any order to purchase Fund shares or to withdraw the offering of Fund shares at any time, the Fund will remain open to new investors seeking to purchase shares directly from the Fund through its transfer agent and to existing shareholders, including those holding Fund shares through financial intermediaries and other financial services organizations.

The following is added after the third paragraph under "PURCHASE AND SALE OF SHARES – How to Buy Shares" in the Fund's Prospectus:

Limitations or Restrictions on Purchases of Fund Shares

The Fund may impose limitations or restrictions on purchases of Fund shares periodically to protect the implementation of the Fund's investment strategy or objective.  When Fund assets reach a level at which additional inflows can be invested without impairing the implementation of the Fund's investment strategy or objective, the Fund may remove an existing limitation or restriction on purchases of Fund shares.

When the Fund imposes a limitation or restriction on purchases of Fund shares or modifies a limitation or restriction, the Fund will post information concerning the limitation or restriction or modification on its website at www.sequoiafund.com.  Investors may request information about any limitation or restriction by calling the Fund at 800-686-6884.

The Fund retains the right to make exceptions to any limitation or restriction on purchases of Fund shares.

The SAI provides more information about why and when the Fund may impose limitations or restrictions on purchases of Fund shares.

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YOU SHOULD RETAIN THIS SUPPLEMENT WITH YOUR PROSPECTUS
FOR FUTURE REFERENCE.