Liquidation: RBB Fund Trust

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Liquidation

Type: New

Accession Number: 000139834425000967

Filing Summary: The Board of Trustees of The RBB Fund Trust has approved a Plan of Liquidation and Termination for the Penn Capital Mid Cap Core Fund and Penn Capital Opportunistic High Income Fund, determining that it is in the best interests of the Funds and their shareholders. The Funds will be closed and liquidated effective as of the close of business on or about February 27, 2025. From January 27, 2025, the Funds will no longer accept new purchases and will transition their portfolios to cash. Shareholders may redeem their investments, but redemptions will be taxable events. If redemption requests are not received by the Liquidation Date, shares will be automatically redeemed at the closing net asset value. Proceeds from redemptions are subject to federal and possibly state income taxes. IRA account holders have 60 days to reinvest their proceeds to maintain tax-deferred status and must notify the Funds’ transfer agent if intending to rollover their IRA.