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FPA Capital (FPPTX) reorg into FPA Queens Road Small Cap Value Fund

msf
in The Bullpen
"The Reorganization will take place as soon as practicable following shareholder approval, and is expected to close on or about December 11, 2020."

Combined Proxy Statement/Prospectus Nov 17, 2020
https://vote.proxyonline.com/fpa/docs/CapitalFund2020.pdf

Tax considerations:
As of October 31, 2020 the Acquiring Fund [Queens Road SCV] and the Target Fund [FPA Capital] have capital loss carryforwards of approximately $4,072,177 and $6,325,670, respectively. The Acquiring Fund plans to utilize its capital loss carryforwards to offset realized gains related to its planned distribution to its shareholders prior to the Reorganization for the purposes of reducing or eliminating federal excise taxes on the Acquiring Fund. The Target Fund plans to utilize its capital loss carryforwards to offset realized gains related to its planned portfolio transitioning prior to the Reorganization;
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