https://www.sec.gov/Archives/edgar/data/870355/000089418918000157/quaker_497e.htm(See link for more details)
Excerpt:
...Community Capital and Camelot each serves as an investment adviser pursuant to separate interim investment advisory agreements (each, an “Interim Agreement”) approved by the Board of Trustees (the “Board”) of the Trust, on behalf of the respective Funds, pursuant to Rule 15a-4 under the Investment Company Act of 1940, as amended, effective January 1, 2018. Each Interim Agreement contains substantially the same terms as the prior investment advisory agreement between QFI and the Trust, except that each Interim Agreement has a term lasting no more than 150 days. Shareholders of each Fund, other the Quaker Event Arbitrage Fund, will be asked to approve a new investment advisory agreement at a special meeting of shareholders expected to be held in the second quarter of 2018. Prior to this special meeting, shareholders will receive detailed information regarding the approval of the new investment advisory agreement. The Funds’ investment objectives, principal investment strategies and investment policies remain unchanged.
Subject to further approvals, it is anticipated that shareholders of the Quaker Event Arbitrage Fund will be asked to approve the reorganization of the Fund into another fund family (the “Reorganization”) at a separate special meeting expected to be held in the second quarter of 2018. If the Reorganization is approved, Camelot (or an affiliate thereof) and the named portfolio managers will continue to manage the Fund. The Fund’s investment objectives, principal investment strategies and investment policies remain unchanged...
