https://www.sec.gov/Archives/edgar/data/878719/000113542818000014/fmcstrategic-497.txt497
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fmcstrategic-497.txt
THE ADVISORS' INNER CIRCLE FUND (THE "TRUST")
FMC STRATEGIC VALUE FUND (THE "FUND")
SUPPLEMENT DATED JANUARY 4, 2018 TO THE
FUND'S PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION ("SAI"),
EACH DATED MARCH 1, 2017
THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED
IN THE PROSPECTUS AND SAI, AND SHOULD BE READ IN CONJUNCTION WITH THE
PROSPECTUS AND SAI.
The Board of Trustees of the Trust, at the recommendation of First Manhattan Co.
(the "Adviser"), the investment adviser of the Fund, has approved a plan of
liquidation providing for the liquidation of the Fund's assets and the
distribution of the net proceeds pro rata to the Fund's shareholders. In
connection therewith, the Fund is closed to new investments. The Fund is
expected to cease operations and liquidate on or about February 16, 2018 (the
"Liquidation Date").
Prior to the Liquidation Date, shareholders may redeem (sell) their shares in
the manner described in the "How to Sell Your Fund Shares" section of the
Prospectus. For those Fund shareholders that do not redeem (sell) their shares
prior to the Liquidation Date, the Fund 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 Fund as of the Liquidation Date.
In anticipation of the liquidation of the Fund, the Adviser may manage the 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 the 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 amount 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 for shareholders investing through taxable accounts. You
should consult your personal tax advisor concerning your particular tax
situation. Shareholders remaining in the Fund on the Liquidation Date will not
be charged any transaction fees by the Fund. However, the net asset value of the
Fund on the Liquidation Date will reflect the costs of liquidating the Fund.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
FMC-SK-019-0100
