http://www.sec.gov/Archives/edgar/data/1587236/000139834416013470/fp0019606_497.htm497 1 fp0019606_497.htm
Filed pursuant to Rule 497(e)
File Nos. 333-191707 and 811-22891
LITTLE HARBOR MULTISTRATEGY COMPOSITE FUND
Supplement to Prospectus Dated February 2, 2016
May 16, 2016
On May 16, 2016, at a Special Meeting of the Trustees of Little Harbor MultiStrategy Composite Fund (the “Fund”), the Trustees voted unanimously to liquidate and dissolve the Fund in accordance with the Delaware Statutory Trust Act, as amended (the “Delaware Act”), and the Fund’s Agreement and Declaration of Trust dated September 20, 2013 (the “Declaration of Trust”). In accordance with the Declaration of Trust, the Fund may be dissolved without shareholder consent upon the approval of not less than 75 percent of the Trustees.
Description of Plan of Liquidation
The following is a description of certain provisions of the Plan of Liquidation and Dissolution (the “Plan of Liquidation”) adopted by the Trustees at their Special Meeting on May 16, 2016. This description is qualified in its entirety by reference to the Plan of Liquidation, a copy of which is attached as an exhibit to this notice.
As of May 16, 2016, the Fund no longer will offer and sell shares of beneficial interests in the Fund (“Shares”) to the public, shall not engage in any business activities, except for the purposes of winding up its business and affairs. In addition, the Shareholders’ respective interests in the Fund’s assets shall not be transferable or available for repurchase, including pursuant to any repurchase offer previously authorized by the Trustees or otherwise required by the Fund’s fundamental policy relating to repurchase offers adopted pursuant to Rule 23c-3 under the Investment Company Act of 1940, as amended.
The Fund will convert all its portfolio securities and other assets for cash, cash equivalents and other liquid assets and reserve a portion of the proceeds to pay, or make reasonable provision to pay, all the outstanding debts, claims and obligations of the Fund, together with the expenses related to carrying out the Plan of Liquidation. Thereafter, the Fund will make certain regulatory and tax filings, and then file a certificate with the Delaware Secretary of State to terminate the Fund.
Liquidating Distributions
The Fund will distribute to each Shareholder of record an initial cash liquidating distribution equal to the Shareholder’s proportionate interest in the assets of the Fund that have not been reserved for payment of the Fund’s debts, claims and obligations and final expenses. It is expected that the initial distribution will be made on or about July 8, 2016. A second cash distribution may be made to the extent that any assets remain after payment of the Fund’s debts, claims and obligations and final expenses. It is expected that any second distribution will be de minimis and will be made on or before August 31, 2016. In connection with each distribution, a check in the amount owed to each Shareholder will be mailed to the last address of such Shareholder appearing on the records of the Fund...(more information via the link)
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