Liquidation: CITY NATIONAL ROCHDALE FUNDS

Form Type: 497

Filing Date: 2025-03-04

Corporate Action: Liquidation

Type: New

Accession Number: 000139834425004609

Filing Summary: The Board of Trustees of City National Rochdale Funds has approved a Plan of Liquidation for the City National Rochdale Equity Income Fund. This decision authorizes the termination, liquidation, and dissolution of the Fund. Effective immediately, the Fund is closed to all investments by existing shareholders, and no new Fund accounts may be opened. The liquidation is set to occur on or about April 14, 2025, allowing shareholders to voluntarily redeem their shares until that date. Following the Liquidation Date, the Fund will distribute liquidating payments to remaining shareholders based on their proportionate interest in the Fund's net assets. The Fund's adviser may manage it to facilitate an orderly liquidation, which might involve cash management or investment in highly liquid assets, potentially deviating from its usual investment strategies. Shareholders should note that redeeming shares or receiving liquidation proceeds is generally considered a taxable event. Special considerations are provided for shareholders with IRA accounts, indicating the need for tax advice regarding the liquidation process and the 60-day period for rolling over proceeds into another IRA.

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Form Type: 497K

Filing Date: 2025-03-04

Corporate Action: Liquidation

Type: New

Accession Number: 000139834425004611

Filing Summary: The Board of Trustees of City National Rochdale Funds has approved a Plan of Liquidation for the City National Rochdale Equity Income Fund, which authorizes the termination, liquidation, and dissolution of the Fund. The Fund is closed to all investments by existing shareholders effective immediately, and no new accounts may be opened. The liquidation is set to occur on or about April 14, 2025, allowing shareholders to voluntarily redeem shares until that date. After the Liquidation Date, a liquidating distribution will be made to remaining shareholders based on their proportionate interest in the Fund's net assets, completing the redemption and cancellation of shares. The Fund's adviser may alter investment strategies to facilitate liquidation, potentially affecting investment objectives. Shareholders should consider potential tax implications for redemptions, exchanges, or liquidating proceeds, especially for IRA holders, who should consult tax advisers regarding rollover options to maintain tax-deferred status.

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