A small family of mutual funds said today that an error by its accounting agent caused the company to post erroneous net asset values Monday for two of its three products.

Third Avenue Trust said the NAV for its value fund was overstated by $1.26 yesterday. The correct value at the close of trading should have been listed at $34.53. In addition, the firm’s Real Estate value fund was overstated by 12 cents, and should have reflected a NAV of $15.37 at the close of Monday’s trading.

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