Liquidation: PARNASSUS INCOME FUNDS

Form Type: 497

Filing Date: 2025-03-03

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525043635

Filing Summary: The Board of Trustees of Parnassus Income Funds has decided to liquidate the Parnassus Fixed Income Fund. The liquidation is expected to take effect on April 30, 2025, with the Fund ceasing to accept purchase orders from new and existing investors after market close on March 14, 2025. Shareholders may redeem shares any time before the Liquidation Date, after which accounts will be automatically redeemed and proceeds sent to shareholders. To facilitate the liquidation, the Fund will increase cash holdings, departing from its stated investment strategies and policies. Distributions of income and/or capital gains may occur to avoid Fund-level taxes, and these will be taxable to shareholders. All liquidation expenses will be covered by Parnassus Investments.

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