Third Avenue Small Cap Value Fund Q4 Letter

About: Customers Bancorp, Inc. (CUBI), TASCX, TVSVX, TASZX, Includes: ASIX, ATNI, CKH, IFSPF, MYRG, SAFM, SEB, TDW, TPH, VC
by: Fund Letters

Our Small-Cap Strategy seeks long-term capital appreciation by investing in equity securities of small capitalization companies in the US that we believe to be mispriced by the market.

Includes detailed analysis of Third Avenue Small Cap Value Fund's position in CUBI.

CUBI is a $600 million market cap bank holding company based in Pennsylvania with tangible equity of $720 million ($22.74 per share).

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