Liquidation: VIRTUS ALTERNATIVE SOLUTIONS TRUST

Form Type: N-CSRS

Filing Date: 2025-07-02

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525154682

Filing Summary: The semi-annual report for Virtus Alternative Solutions Trust covers key details for the period ended April 30, 2025, including the performance and costs associated with the Virtus Duff & Phelps Select MLP and Energy Fund and the Virtus KAR Long/Short Equity Fund. The report indicates that the Board of Trustees approved a Plan of Liquidation for the KAR Long/Short Equity Fund on June 3, 2025, with an expected liquidation date of July 25, 2025. Key statistics highlight a consistent portfolio turnover rate of 25% across the multifaceted asset allocations majoring in Common Stocks & MLP Interests, indicating a strategic approach to asset management during this reporting period. Costs for a hypothetical $10,000 investment in various fund classes are documented, showing ranges between $58 and $143 depending on the class. The report provides a comprehensive overview of asset allocations, net assets, and the economic positioning of the funds leading up to the liquidation decision.

Form Type: 497

Filing Date: 2025-06-10

Corporate Action: Liquidation

Type: Update

Accession Number: 000093041325001955

Filing Summary: On June 3, 2025, the Board of Trustees of Virtus Alternative Solutions Trust approved a Plan of Liquidation for the Virtus KAR Long/Short Equity Fund, effective July 25, 2025. Effective July 3, 2025, the Fund will be closed to new investors and additional contributions, although certain transactions will continue for retirement plans. The Fund is transitioning its portfolio to cash in preparation for the liquidation, which may negatively impact performance and lead to large redemptions that could affect expense ratios. On the Liquidation Date, outstanding shares will be automatically redeemed, with special provisions for shares in BNY Mellon IS Trust Company custodial accounts. The distribution of proceeds from the redemptions will occur as soon as practicable, and investors are advised to consult with tax advisors as these actions may result in tax consequences.

Form Type: 497

Filing Date: 2025-06-03

Corporate Action: Liquidation

Type: New

Accession Number: 000093041325001936

Filing Summary: On June 3, 2025, the Board of Trustees of Virtus Alternative Solutions Trust approved a Plan of Liquidation for the Virtus KAR Long/Short Equity Fund. The Fund will be liquidated on or about July 25, 2025. From July 3, 2025, the Fund will not accept new investors or additional deposits, except for certain retirement plans. Prior to liquidation, shareholders may redeem or exchange their shares without fees. The Fund will stop pursuing its investment objectives during this transition period, likely impacting performance and causing large redemptions, which could affect expense ratios. Outstanding shares will be redeemed automatically on the Liquidation Date, except shares in BNY Mellon IS Trust Company custodial accounts. Shareholders may receive distributions in cash, cash equivalents, or in-kind portfolio investments, with potential tax implications for redemptions. Investors are advised to consult with tax advisors and retain the supplement with existing materials for future reference.