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Palmer Square Opportunistic Income Fund lowers minimums

TheShadowTheShadow
in Fund Discussions
https://www.sec.gov/Archives/edgar/data/1608016/000139834417007090/fp0026063_497.htm

497 1 fp0026063_497.htm

Palmer Square Opportunistic Income Fund

Supplement dated May 30, 2017, to the

Prospectus dated December 1, 2016.

Effective June 1, 2017 (the “Effective Date”), the minimum initial investment for the Palmer Square Opportunistic Income Fund (the “Fund”) will be lowered from $5 million to $250,000. As a result, as of the Effective Date, all references to the minimum initial investment in the Prospectus are updated accordingly. The minimum investment for subsequent purchases of Fund shares will continue to be $2,500.


Please file this Supplement with your records.




Comments

  • PRESSmUPPRESSmUP
    edited May 2017
    Just curious...is there a reason these Palmer funds showed up on your radar?
  • TheShadowTheShadow
    @PRESSmUP

    While many people (including myself) cannot afford either fund, I thought it was strange that management dropped the minimums, in this case from $5MM to $250K and the other fund so much. You'll remember that David posted the AQR Funds closings despite those funds having at least a $1MM initial investment. Plus, this is M/F news which goes along with management fees increases/decreases, liquidations/openings, new registrations, and changes in management which all get posted..if they are found.
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