Liquidation: Advisors' Inner Circle Fund III

Form Type: 497

Filing Date: 2025-03-27

Corporate Action: Liquidation

Type: New

Accession Number: 000139834425006059

Filing Summary: The Advisors’ Inner Circle Fund III has announced a plan of liquidation for the FS Chiron Capital Allocation Fund, approved by its Board of Trustees at the recommendation of FS Investments. The Fund will liquidate its assets and distribute the net proceeds to shareholders, ceasing operations around April 21, 2025. The Fund is currently closed to new investments, allowing only current shareholders to invest further. Shareholders have the option to redeem their shares before the liquidation date; otherwise, they will receive a liquidating cash distribution based on their share in the Fund’s net assets. The Adviser may adjust the Fund’s investment strategy in preparation for liquidation, which may affect its investment objectives. The liquidation distribution will include any accrued income and capital gains and will most likely be a taxable event for shareholders in taxable accounts. No transaction fees by the Fund will be charged for shareholders remaining on the Liquidation Date, but net asset values will reflect liquidation costs. Liquidation proceeds will be distributed as soon as possible after the Liquidation Date.

Form Type: 497K

Filing Date: 2025-03-27

Corporate Action: Liquidation

Type: New

Accession Number: 000139834425006063

Filing Summary: The Advisors’ Inner Circle Fund III has announced a plan for the liquidation of the FS Chiron Capital Allocation Fund. The Board of Trustees, at the recommendation of FS Investments, approved this plan which involves closing the Fund to new investments, except those from current shareholders. The expected Liquidation Date is April 21, 2025. Shareholders can redeem their shares before this date, and those who do not will receive a cash distribution equal to their interest in the Fund's net assets promptly after the Liquidation Date. The distribution will include any accrued income and capital gains and represents a taxable event for shareholders in taxable accounts. The Adviser may manage the Fund towards an orderly liquidation, which could affect its investment strategies. Shareholders will not incur transaction fees on the Liquidation Date, though the net asset value will account for liquidation costs. Liquidation proceeds will be distributed as soon as practicable after the Liquidation Date.

Form Type: 497

Filing Date: 2025-03-20

Corporate Action: Liquidation

Type: New

Accession Number: 000139834425005776

Filing Summary: The Advisors’ Inner Circle Fund III has announced a plan of liquidation for the FS Chiron Real Development Fund, effective immediately. Following the recommendation from FS Investments, the Fund’s assets will be liquidated, with net proceeds distributed pro rata to shareholders. The Fund is closed to new investments, and operations are expected to cease around April 21, 2025, referred to as the Liquidation Date. Shareholders are permitted to redeem their shares prior to this date, and those who do not will receive a liquidating cash distribution after the Liquidation Date, which may be a taxable event. Management may temporarily adjust investment strategies to facilitate the liquidation, potentially affecting the Fund's objectives. No transaction fees will be applied upon liquidation, but shareholders should consider the costs reflected in the fund's net asset value.

Form Type: 497

Filing Date: 2025-03-20

Corporate Action: Liquidation

Type: New

Accession Number: 000139834425005782

Filing Summary: The Advisors’ Inner Circle Fund III has approved a plan of liquidation for the FS Chiron Capital Allocation Fund. The liquidation involves closing the Fund to new and existing investments immediately and is expected to cease operations and liquidate on or about April 21, 2025. Shareholders can redeem their shares prior to the Liquidation Date, and those who do not will receive a cash distribution equal to their interest in the Fund’s net assets post-liquidation. The Adviser may manage the Fund for an orderly liquidation, which may affect investment objectives. Shareholders will not incur transaction fees, but the net asset value will reflect liquidation costs. Liquidation proceeds will be distributed promptly after the Liquidation Date.

Form Type: 497K

Filing Date: 2025-03-20

Corporate Action: Liquidation

Type: New

Accession Number: 000139834425005770

Filing Summary: The Advisors’ Inner Circle Fund III announces a new plan of liquidation for the FS Chiron Real Development Fund effective immediately. The Fund is closed to new and existing investments, and is expected to cease operations and liquidate by April 21, 2025. Shareholders may redeem their shares prior to the Liquidation Date, otherwise, they will receive a liquidating cash distribution equal to their share of the net assets on or promptly after the Liquidation Date. Chiron Investment Management and FS Fund Advisor will manage the Fund to facilitate an orderly liquidation, which may affect its investment strategies and objectives. The liquidation distribution amount will include any accrued income and capital gains, and this may be a taxable event for shareholders. Shareholders will not incur transaction fees but should be aware that the net asset value will account for liquidation costs. Liquidation proceeds will be distributed as soon as practicable after the Liquidation Date.

Form Type: 497K

Filing Date: 2025-03-20

Corporate Action: Liquidation

Type: New

Accession Number: 000139834425005771

Filing Summary: The Board of Trustees of The Advisors’ Inner Circle Fund III has approved a plan of liquidation for the FS Chiron Capital Allocation Fund, which involves liquidating the Fund’s assets and distributing net proceeds pro rata to shareholders. The Fund is closed to new and existing investments immediately and is expected to cease operations and liquidate around April 21, 2025. Shareholders can redeem their shares before the Liquidation Date. Those who do not redeem will receive a liquidating cash distribution equal to their share of the Fund's net assets. The Advisor may manage the Fund to facilitate an orderly liquidation, which might affect its investment strategies. The liquidation distribution will include accrued income and capital gains, generally treated as a taxable event for shareholders. No transaction fees will apply, although the net asset value may reflect liquidation costs. Shareholders will receive proceeds after the Liquidation Date.

Form Type: 497

Filing Date: 2025-01-30

Corporate Action: Liquidation

Type: New

Accession Number: 000139834425001451

Filing Summary: On January 30, 2025, the Board of Trustees of Advisors' Inner Circle Fund III approved a plan of liquidation for the Mesirow Enhanced Core Plus Fund. This decision was made at the recommendation of Mesirow Financial Investment Management, Inc., the investment adviser of the Fund. The Fund will cease operations and liquidate its assets by approximately March 3, 2025. It is now closed to investments from both new and existing shareholders. Shareholders may redeem their shares before the Liquidation Date, and those who do not will receive a liquidating cash distribution equivalent to their interest in the net assets upon liquidation. This distribution will include accrued income and capital gains, and will generally be taxable to shareholders in taxable accounts. There will be no transaction fees charged to shareholders remaining in the Fund, although the net asset value will reflect liquidation costs. Shareholders will receive their proceeds as promptly as possible after the Liquidation Date.

Form Type: 497

Filing Date: 2025-01-14

Corporate Action: Liquidation

Type: New

Accession Number: 000139834425000661

Filing Summary: The Advisors’ Inner Circle Fund III has announced a plan for the liquidation of the Legal & General Commodity Strategy Fund, effective January 14, 2025. The Board of Trustees, advised by Legal & General Investment Management America, Inc., approved this plan, which involves closing the Fund to new and existing shareholder investments immediately. The Fund is set to cease operations and liquidate its assets around February 14, 2025, known as the Liquidation Date. Shareholders are permitted to redeem their shares prior to this date. Those who do not opt for redemption will receive a cash distribution equivalent to their shareholding in the Fund’s net assets after liquidation. The distribution may include accrued income and capital gains and will generally be taxable for shareholders. All potential costs related to the Fund's liquidation will be reflected in its net asset value on the Liquidation Date, and there will be no transaction fees for shareholders. Liquidation proceeds will be distributed as soon as feasible after the Liquidation Date.