Liquidation: FundVantage Trust
Form Type: 497
Filing Date: 2025-01-22
Corporate Action: Liquidation
Type: New
Accession Number: 000182912625000280
Filing Summary: The Board of Trustees of FundVantage Trust has approved a plan to liquidate and terminate the Quality Dividend Fund. The liquidation plan entails ceasing business operations, liquidating assets, and distributing the proceeds to shareholders by March 27, 2025. The Fund will stop accepting purchase orders on January 27, 2025, and shareholders may redeem their shares until the liquidation date. After this date, unredeemed shares will be automatically redeemed with proceeds sent to shareholders. Redemptions post-supplement will have waived fees. As the liquidation nears, the investment adviser will increase cash holdings, potentially impacting performance. This liquidation may trigger large redemptions affecting the expense ratio, although existing fee waivers will remain in force. Liquidation will be seen as a taxable event for shareholders, who should consult tax advisors regarding consequences and distributions of income and capital gains before final liquidation.
Additional details:
Shareholder Redemption Option: Shareholders may redeem shares at any time prior to liquidation date.
Final Liquidation Date: 2025-03-27
Purchase Orders Cutoff Date: 2025-01-27
Redemption Fee Policy: All applicable redemption fees will be waived for redemptions of Fund shares that occur after the date of this supplement.
Tax Consequences: Redemption of shares generally considered a taxable event.
Adviser Action Plan: Investment adviser will increase cash portion of assets to prepare for liquidation.
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