Liquidation: Advisors' Inner Circle Fund II

Form Type: 497

Filing Date: 2025-04-04

Corporate Action: Liquidation

Type: New

Accession Number: 000139834425006635

Filing Summary: The Advisors’ Inner Circle Fund II has announced a plan of liquidation for the Sprucegrove International Equity Fund. This decision, approved by the Board of Trustees based on the recommendation of the Fund's investment adviser, will lead to the liquidation of the Fund's assets and a pro rata distribution of net proceeds to shareholders. The Fund will be closed to new investments effective immediately, and operations are expected to cease on or about May 1, 2025. Shareholders will have the opportunity to redeem their shares prior to this Liquidation Date; those who do not will receive a cash distribution equivalent to their interest in the net assets at that time. The Adviser may adjust investments for an orderly liquidation process, potentially impacting the Fund's usual investment strategies. The distribution will include any accrued income and capital gains and is considered a taxable event for shareholders. Transaction fees will not be charged, but liquidation costs will affect the net asset value at the Liquidation Date, with proceeds distributed post-termination.

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Form Type: 497K

Filing Date: 2025-04-04

Corporate Action: Liquidation

Type: New

Accession Number: 000139834425006638

Filing Summary: The Advisors’ Inner Circle Fund II has issued a supplement dated April 4, 2025, announcing the approval of a liquidation plan for the Sprucegrove International Equity Fund. The plan, recommended by Sprucegrove Investment Management Ltd., entails the liquidation of the Fund’s assets with net proceeds being distributed pro rata to shareholders. The Fund will close to new investments immediately, and operations are expected to cease around May 1, 2025. Shareholders are allowed to redeem their shares prior to the Liquidation Date, and those remaining will receive a liquidating cash distribution equivalent to their interest in the net assets as of that date. The liquidation distribution will include accrued income and capital gains, and shareholders should seek tax advice regarding potential tax implications. Transaction fees will not be charged by the Fund on the Liquidation Date, although costs incurred during liquidation will impact the net asset value.

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