FPA Paramount total net assets reach $477 million.LOS ANGELES--(BUSINESS WIRE)--Dec. 19, 1994--Total net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. of FPA 1. (hardware) FPA - floating-point accelerator. 2. (programming) FPA - Function Point Analysis. Paramount Fund Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :FPRAX), a growth and income mutual fund that recommenced offering its shares for sale to new investors on Aug. 15, 1994, has reached $477 million, according to FPA Fund Distributors Inc., national distributor of the FPA fund group. The distributor expects to discontinue this offering at the close of the business day on which the Fund's total net assets reach $500 million. Following this limited offering to new investors, FPA Paramount will continue to accept additional investments from existing shareholders, to reinvest dividends and capital gain distributions with respect to shareholders who elect such options, and to redeem shares at net asset value when requested by any shareholder. FPA Paramount seeks a high total investment return, including capital appreciation and income, from a diversified portfolio of securities. William M. Sams has served as president and chief investment officer since 1981, and is also executive vice president of First Pacific Advisors Inc., the Fund's investment adviser. FPA Fund Distributors is also the national distributor for the other three mutual funds in the FPA fund group -- FPA Capital Fund Inc., FPA New Income Inc. and FPA Perennial Fund Inc. FPA Fund Distributors Inc. and First Pacific Advisors Inc. are indirect wholly owned subsidiaries of United Asset Management Corp. (NYSE NYSE See: New York Stock Exchange :UAM UAM Universidad Autónoma de Madrid (Spain) UAM Universidad Autonoma Metropolitana (México) UAM Uniwersytet im. ), a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Stock Exchange-listed holding company principally engaged, through affiliated firms, in providing institutional investment management and acquiring institutional investment management firms. CONTACT: FPA Fund Distributors Inc., Los Angeles Lawrence P. McNeil/Daryl Ann Weber, 800/982-4372 |
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