Liquidation: VIRTUS ALTERNATIVE SOLUTIONS TRUST

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.