Fund Announcements

October 1, 2012

FPA New Income, Inc. (Fund #78) Common Stock Dividend

The dates for and the amount of the above dividend are as follows:

Declared: Friday, September 28, 2012 (Unanimous Written Consent)

CUSIP: 302544101

Amount: $0.08 per share from net investment income

Record: Close of business Friday, September 28, 2012

Ex-dividend/Reinvestment: Monday, October 1, 2012

Reinvestment Price: $10.63

Payable: Tuesday, October, 2012