Hotchkis & Wiley Mid-Cap Value Fund to close to new investors

TheShadow

http://www.sec.gov/Archives/edgar/data/1145022/000089418913007082/handw_497e.htm

Excerpt:
"...LIMITED AVAILABILITY

Effective November 1, 2013, the availability of the Small Cap Value Fund to new investors is limited. Effective March 1, 2014, the availability of the Mid-Cap Value Fund to new investors is limited. The Funds do not permit investors to pool their investments in order to meet the eligibility requirements, except as otherwise noted below. Unless specified below, each new investor in the Funds must meet one of the eligibility requirements set forth below.

If you are or were a shareholder of the Small Cap Value Fund as of October 31, 2013 or the Mid-Cap Value Fund as of February 28, 2014, and continue to be a shareholder, you may make additional investments in the Funds and reinvest your dividends and capital gain distributions in the Funds, unless the Advisor considers such additional purchases to be not in the best interests of the Funds and their other shareholders. An employee benefit plan that is a shareholder of the Funds may continue to buy shares in the ordinary course of the plan's operations, even for new plan participants..."

Ted

Dear Shadow & Othersl: Top notch MCV fund, 2.8 Billion in assets, and superior returns.
Happy New Year,
Ted
M* Snapshot Of HWMIX: http://quotes.morningstar.com/fund/f?t=HWMIX&region=usa&culture=en-US