Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Three Frost Funds liquidated

https://www.sec.gov/Archives/edgar/data/890540/000113542817001052/frost-497.txt

TYPE>497
1
frost-497.txt


THE ADVISORS' INNER CIRCLE FUND II (THE "TRUST")

FROST CONSERVATIVE ALLOCATION FUND
FROST MODERATE ALLOCATION FUND
FROST AGGRESSIVE ALLOCATION FUND (THE "FUNDS")

SUPPLEMENT DATED NOVEMBER 15, 2017 TO THE
INSTITUTIONAL CLASS SHARES PROSPECTUS AND THE INVESTOR CLASS SHARES PROSPECTUS,
EACH DATED NOVEMBER 28, 2016, AS SUPPLEMENTED NOVEMBER 29, 2016, FEBRUARY 6,
2017, MARCH 8, 2017, JUNE 7, 2017 AND AUGUST 31, 2017 (THE "PROSPECTUSES") AND
THE STATEMENT OF ADDITIONAL INFORMATION, DATED NOVEMBER 28, 2016, AS
SUPPLEMENTED NOVEMBER 29, 2016, FEBRUARY 6, 2017, MARCH 8, 2017, JUNE 7, 2017
AND AUGUST 31, 2017 (THE "SAI")

THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED
IN THE PROSPECTUSES AND SAI, AND SHOULD BE READ IN CONJUNCTION WITH THE
PROSPECTUSES AND SAI.

The Board of Trustees of the Trust, at the recommendation of Frost Investment
Advisors, LLC (the "Adviser"), the investment adviser of the Funds, has approved
a plan of liquidation providing for the liquidation of each Fund's assets and
the distribution of the net proceeds pro rata to the Fund's shareholders. In
connection therewith, the Funds are closed to new investments. The Funds are
expected to cease operations and liquidate on or about December 22, 2017 (the
"Liquidation Date").

Prior to the Liquidation Date, shareholders may redeem (sell) their shares in
the manner described in the "How to Redeem Fund Shares" section of each
Prospectus. For those Fund shareholders that do not redeem (sell) their shares
prior to the Liquidation Date, the Funds will distribute to each such
shareholder, on or promptly after the Liquidation Date, a liquidating cash
distribution equal in value to the shareholder's interest in the net assets of
the Funds as of the Liquidation Date.

In anticipation of the liquidation of the Funds, the Adviser may manage each
Fund in a manner intended to facilitate its orderly liquidation, such as by
holding cash or making investments in other highly liquid assets. As a result,
during this time, all or a portion of each Fund may not be invested in a manner
consistent with its stated investment strategies, which may prevent the Fund
from achieving its investment objective.

The liquidation distribution amounts will include any accrued income and
capital gains, will be treated as a payment in exchange for shares and will
generally be a taxable event. You should consult your personal tax advisor
concerning your particular tax situation. Shareholders remaining in a Fund on
the Liquidation Date will not be charged any transaction fees by the Fund.
However, the net asset value of each Fund on the Liquidation Date will reflect
costs of liquidating the Fund.


PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.


FIA-SK-045-0100



Comments

  • @MFO Members: Their name befits their returns, frosty !
    Regards,
    Ted
  • Update:

    https://www.sec.gov/Archives/edgar/data/890540/000113542817001085/frost-allocation-funds-497.txt

    497
    1
    frost-allocation-funds-497.txt


    THE ADVISORS' INNER CIRCLE FUND II (THE "TRUST")

    FROST CONSERVATIVE ALLOCATION FUND
    FROST MODERATE ALLOCATION FUND
    FROST AGGRESSIVE ALLOCATION FUND (THE "FUNDS")

    SUPPLEMENT DATED DECEMBER 1, 2017 TO THE
    INSTITUTIONAL CLASS SHARES PROSPECTUS AND THE INVESTOR CLASS SHARES PROSPECTUS,
    EACH DATED NOVEMBER 28, 2017 (THE "PROSPECTUSES") AND THE STATEMENT OF
    ADDITIONAL INFORMATION, DATED NOVEMBER 28, 2017 (THE "SAI")

    THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN
    THE PROSPECTUSES AND SAI, AND SHOULD BE READ IN CONJUNCTION WITH THE
    PROSPECTUSES AND SAI.

    The Board of Trustees of the Trust, at the recommendation of Frost Investment
    Advisors, LLC (the "Adviser"), the investment adviser of the Funds, has approved
    a plan of liquidation providing for the liquidation of each Fund's assets and
    the distribution of the net proceeds pro rata to the Fund's shareholders. In
    connection therewith, the Funds are closed to new investments. The Funds are
    expected to cease operations and liquidate on or about December 22, 2017 (the
    "Liquidation Date").

    Prior to the Liquidation Date, shareholders may redeem (sell) their shares in
    the manner described in the "How to Redeem Fund Shares" section of each
    Prospectus. For those Fund shareholders that do not redeem (sell) their shares
    prior to the Liquidation Date, the Funds will distribute to each such
    shareholder, on or promptly after the Liquidation Date, a liquidating cash
    distribution equal in value to the shareholder's interest in the net assets of
    the Funds as of the Liquidation Date.

    In anticipation of the liquidation of the Funds, the Adviser may manage each
    Fund in a manner intended to facilitate its orderly liquidation, such as by
    holding cash or making investments in other highly liquid assets. As a result,
    during this time, all or a portion of each Fund may not be invested in a manner
    consistent with its stated investment strategies, which may prevent the Fund
    from achieving its investment objective.

    The liquidation distribution amounts will include any accrued income and capital
    gains, will be treated as a payment in exchange for shares and will generally be
    a taxable event. You should consult your personal tax advisor concerning your
    particular tax situation. Shareholders remaining in a Fund on the Liquidation
    Date will not be charged any transaction fees by the Fund. However, the net
    asset value of each Fund on the Liquidation Date will reflect costs of
    liquidating the Fund.


    PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.

    FIA-SK-046-0100



Sign In or Register to comment.