https://www.sec.gov/Archives/edgar/data/1141819/000089418922005090/rockefellerliquidationstic.htmRockefeller Equity Allocation Fund, Rockefeller Core Taxable Bond Fund, Rockefeller Intermediate Tax Exempt National Bond Fund and Rockefeller Intermediate Tax Exempt New York Bond Fund
497 1 rockefellerliquidationstic.htm ROCKEFELLER 497E
Filed pursuant to Rule 497(e)
Registration Nos. 333-62298; 811-10401
Rockefeller Equity Allocation Fund
Rockefeller Core Taxable Bond Fund
Rockefeller Intermediate Tax Exempt National Bond Fund
Rockefeller Intermediate Tax Exempt New York Bond Fund
Each, a series of Trust for Professional Managers (the “Trust”)
Supplement dated July 27, 2022
to the Summary Prospectuses, Prospectus and Statement of Additional Information
dated March 30, 2022
The Board of Trustees (the “Board”) of the Trust, based upon the recommendation of Rockefeller & Co. LLC (the “Adviser”), the investment adviser to the Rockefeller Equity Allocation Fund, Rockefeller Core Taxable Bond Fund, Rockefeller Intermediate Tax Exempt National Bond Fund and Rockefeller Intermediate Tax Exempt New York Bond Fund (each, a “Fund,” and collectively, the “Funds”), has determined to close and liquidate the Funds. The Board concluded that it would be in the best interests of the Funds and their shareholders that the Funds be closed to new purchases, except for purchases made through an automatic investment program or the reinvestment of any distributions, as of the close of business on July 27, 2022 (the “Closing Date”) and liquidated as series of the Trust effective as of the close of business on August 26, 2022 (the “Liquidation Date”).
The Board approved a Plan of Liquidation (the “Plan”) that determines the manner in which the Funds will be liquidated. Pursuant to the Plan and in anticipation of the Funds’ liquidation, the Funds will be closed to new purchases, except for purchases made through an automatic investment program or a purchase exception that is approved by Trust officers, effective as of the close of business on the Closing Date, after which each Fund’s assets may be entirely invested in money market instruments or held in cash. Accordingly, the Funds will no longer be pursuing their investment objectives. However, any distributions declared to shareholders of the Funds after the Closing Date and until the close of trading on the New York Stock Exchange on the Liquidation Date will be automatically reinvested in additional shares of the respective Fund unless a shareholder specifically requests that such distributions be paid in cash. Although the Funds will be closed to new purchases as of the Closing Date, you may continue to redeem your shares of the Funds until the Liquidation Date, as described in “How to Redeem Shares” in the Funds’ Prospectus.
Pursuant to the Plan, if the Funds have not received your redemption request or other instruction prior to the close of business on the Liquidation Date, your shares will be redeemed and you will receive proceeds representing your proportionate interest in the net assets of the respective Fund as of the Liquidation Date, subject to any required withholdings. As is the case with any redemption of Fund shares, these liquidation proceeds will generally be subject to federal and, as applicable, state and local income taxes if the redeemed shares are held in a taxable account and the liquidation proceeds exceed your adjusted basis in the shares redeemed. If the redeemed shares are held in a qualified retirement account such as an IRA, the liquidation proceeds may not be subject to current income taxation under certain conditions. You should consult with your tax adviser for further information regarding the federal, state and/or local income tax consequences of this liquidation that are relevant to your specific situation.
The Adviser will bear all of the expenses incurred in carrying out the Plan.
Shareholder inquiries should be directed to the Funds at 1-855-369-6209.
Please retain this Supplement with your Summary Prospectus, Prospectus
and Statement of Additional Information for reference.
Comments
https://docoh.com/company/1141819/trust-for-professional-managers
https://sec.report/CIK/0001141819
As the press release below indicates, the fund is run by the Asset Management company. I don't know what the role of "Trust for Professional Mangers" is although there are a lot of other funds, some pretty well known on that list
https://www.businesswire.com/news/home/20210923005097/en/Rockefeller-Asset-Management-Launches-Climate-Solutions-Fund-Expanding-Audience-for-Strategy-with-9-Year-Track-Record
Rockefeller Asset Management Launches Climate Solutions Fund, Expanding Audience for Strategy with 9-Year Track Record
September 23, 2021 08:00 AM Eastern Daylight Time
NEW YORK--(BUSINESS WIRE)--Rockefeller Asset Management (RAM), a division of Rockefeller Capital Management, recently launched the Rockefeller Climate Solutions Fund (RKCIX), seeking long-term capital growth by investing in companies focused on climate change mitigation or adaptation solutions across the market capitalization spectrum. The Fund, which launched with nearly $100mn in assets and several underlying investors, was converted from a Limited Partnership structure with the same investment objective and a 9-year track record. In addition, the firm has partnered with Skypoint Capital Partners as the Fund’s third party wholesale marketing agent.
“Climate change is becoming a defining issue of our time. We believe investors can generate alpha and positive outcomes by investing in companies producing climate mitigation or adaption solutions with distinct competitive advantages, clear growth catalysts, strong management teams, and attractive earnings potential.”
RAM, in collaboration with The Ocean Foundation (TOF), established the Climate Solutions Strategy nine years ago based on the belief that climate change will transform economies and markets through changing regulation, shifting buying preferences from next-generation consumers, and technological advancements. This global equity strategy deploys a high conviction, bottom-up approach to investing in pure-play companies with meaningful revenue exposure to key environmental sectors such as renewable energy, energy efficiency, water, waste management, pollution control, food & sustainable agriculture, healthcare mitigation, and climate support services. The portfolio managers have long believed that there is significant investment opportunity in these public companies producing climate mitigation and adaptation solutions and that they have the potential to outperform broader equity markets over the long-term.
Rockefeller Climate Solutions Fund is co-managed by Casey Clark, CFA, and Rolando Morillo, who lead RAM's thematic equity strategies, leveraging the intellectual capital built from RAM's three decades of Environmental, Social & Governance (ESG) investing experience. Since the inception of the Climate Solutions Strategy, RAM has also benefited from the environmental and scientific expertise of The Ocean Foundation, a non-profit dedicated to conserving ocean environments around the world. Mark J. Spalding, the President of TOF, and his team serve as advisors and research collaborators to help bridge the gap between science and investing and contribute to the strategies, idea generation, research, and engagement process.
Rolando Morillo, Fund Portfolio Manager, says: "Climate change is becoming a defining issue of our time. We believe investors can generate alpha and positive outcomes by investing in companies producing climate mitigation or adaption solutions with distinct competitive advantages, clear growth catalysts, strong management teams, and attractive earnings potential."
“RAM has been committed to continuously reinvesting in its investment team and ESG-integrated platform to support significant demand for its strategies, including thematic offerings like Climate Solutions, globally. The original LP structure was designed for clients of our family office. After nearly a decade, we are excited to make the strategy accessible to an expanded audience through the launch of our 40 Act Fund,” said Laura Esposito, Head of Institutional and Intermediary Distribution.