M&A - Advisors' Inner Circle Fund III

Form Type: DEF 14A

Filing Date: 2025-04-08

Corporate Action: Merger

Type: New

Accession Number: 000139834425006816

Filing Summary: The document outlines a definitive proxy statement related to a Joint Special Meeting of Shareholders of the Mesirow High Yield Fund and Mesirow Small Company Fund, scheduled for May 19, 2025. The meeting's primary agenda is to seek shareholder approval for a new investment advisory agreement with MetLife Investment Management, following a transaction where MetLife acquired certain assets and liabilities from Mesirow Financial Investment Management, Inc. and Mesirow Institutional Investment Management, Inc. This acquisition, effective February 28, 2025, has led to the termination of prior investment advisory agreements. The new agreement is intended to maintain similar fees and terms as the previous contracts. Shareholders are being asked to approve this new agreement to ensure continuity in investment advisory services.

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Form Type: PRE 14A

Filing Date: 2025-03-07

Corporate Action: Merger

Type: New

Accession Number: 000139834425005199

Filing Summary: Advisors' Inner Circle Fund III has filed a preliminary proxy statement in connection with a joint special meeting of shareholders scheduled for May 7, 2025. The purpose of the meeting is to seek shareholder approval for a new investment advisory agreement with MetLife Investment Management, following an asset acquisition where MetLife purchased certain assets from Mesirow Financial Investment Management (MFIM) and Mesirow Institutional Investment Management (MIIM). The transaction is significant because it involves the regulatory approval process for the change in advisory services provided to the Mesirow High Yield Fund and Mesirow Small Company Fund. Shareholders of record as of March 7, 2025, are entitled to vote. The new agreement proposed retains the same advisory fee structures as the prior agreements. The board of trustees has recommended that shareholders vote in favor of this proposal, which will not change the investment objectives or strategies of the funds but may lead to potential benefits from economies of scale and operational efficiencies.

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