Greenwich, CT -
Sound Shore Management, Inc., adviser to the Sound Shore Fund, is pleased to announce the launch of an Institutional Class share with a lower expense structure for defined contribution plans and other institutional platforms. These shares are also available to eligible investors who meet an initial investment minimum of $1 million. Similar to the Fund's existing Investor Class (ticker: SSHFX), the Institutional Class (ticker: SSHVX) has no sales loads or distribution fees. The new share class became effective on December 9, 2013.
"We've seen increasing interest from family offices, endowments, foundations, wealth advisors and plan sponsors for Sound Shore's contrarian value investment expertise." said Harry Burn III, Chairman & Portfolio Manager.
T. Gibbs Kane, Jr., President & Portfolio Manager commented, "Thirty five years ago, one of our founding principles was to maintain complete alignment with our clients' interests. The introduction of this institutionally-priced share class reaffirms that commitment.
John P. DeGulis, Partner and Portfolio Manager also noted, "The Institutional Class refines our offerings and provides investors access to Sound Shore's specialized investment capabilities, while matching their liquidity and fee requirements."
For further information, contact your service provider or visit www.soundshorefund.com.
About Sound Shore Management, Inc.
Founded in 1978, Sound Shore Management, Inc. is an independent and employee owned investment manager with approximately $6 billion in assets as of March 31, 2014. Our clients are primarily institutions and private wealth advisors.
Our mid- to large-cap equity strategy, Disciplined Fundamental Value, has been unchanged for 35 years
Headquartered in Greenwich, Connecticut, Sound Shore Management, Inc. has been adviser to the Sound Shore Fund, a no-load mutual fund, since its inception in 1985.
Mayo T. Smith
Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus and summary prospectus, a copy of which may be obtained by calling (800) 551-1980 or visiting the Fund's website. Please read the prospectus and summary prospectus carefully before you invest.
As stated in the current prospectuses for the Sound Shore Fund, the annual operating expense ratio is 0.94% for the Investor Class and 0.75% net of expense reimbursements for the Institutional Class.
An investment in the Fund is subject to risk, including the possible loss of principal amount invested. Mid Cap Risk: Securities of medium sized companies may be more volatile and more difficult to liquidate during market downturns than securities of large, more widely traded companies. Foreign Securities Risk: The Fund may invest in foreign securities primarily in the form of American Depositary Receipts. Investing in the securities of foreign issuers also involves certain special risks, which are not typically associated with investing in U.S. dollar-denominated securities or quoted securities of U.S. issuers including increased risks of adverse issuer, political, regulatory, market or economic developments. Investments in foreign securities also may be affected favorably or unfavorably by changes in currency rates and in exchange control regulations. Foreside Fund Service, LLC, Distributor.