M&A - Advisors' Inner Circle Fund III

Form Type: 497

Filing Date: 2025-07-14

Corporate Action: Acquisition

Type: New

Accession Number: 000139834425013097

Filing Summary: On July 14, 2025, Advisors' Inner Circle Fund III's GQG US Equity ETF commenced operations following the acquisition of the assets and liabilities of the GQG Partners US Select Quality Equity Fund. The Fund aims for long-term capital appreciation and primarily invests in equity securities of U.S. companies, with a strategy that involves buying growth stocks and using a proprietary screening process to identify high-quality investment opportunities. Management fees are set at 0.45%, with total annual operating expenses reported at 0.59%, reduced to 0.49% through expense reimbursements from the Adviser. The Fund is classified as non-diversified, indicating that it may concentrate investments in fewer issuers, increasing exposure to potential risks. Principal risks highlighted include market fluctuation risks, active management risks, and sector concentration risks. The Fund intends to hold a mix of domestic and foreign equity, utilizing a growth-oriented investment approach while also managing liquidity and operational risks associated with being a newly established ETF.

Form Type: DEFA14A

Filing Date: 2025-07-10

Corporate Action: Acquisition

Type: New

Accession Number: 000139834425012976

Filing Summary: The document pertains to a proxy statement filed by Advisors' Inner Circle Fund III regarding the acquisition of the Mesirow team and fund by MetLife Investment Management. Shareholders are urged to vote on important matters related to the acquisition at the upcoming special meeting. The letter emphasizes the necessity of shareholder participation to ensure the transition proceeds smoothly and invites shareholders to reach out for assistance with their voting. Frank Natale, Senior Director at MetLife Investment Management, provides his contact information for any queries from shareholders.

Form Type: PRE 14A

Filing Date: 2025-07-07

Corporate Action: Acquisition

Type: New

Accession Number: 000139834425012817

Filing Summary: The Advisors’ Inner Circle Fund III is soliciting proxies for a Special Meeting of Shareholders of the PineBridge Dynamic Asset Allocation Fund scheduled for a date in 2025. Shareholders will vote on a new investment advisory agreement due to a transaction where MetLife Investment Management will acquire PineBridge Investments. This acquisition may result in PineBridge undergoing an internal reorganization and a change in control. The new investment advisory agreement will maintain the same advisory fee and terms as the current agreement. If not approved, an interim agreement will take effect to allow PineBridge to continue management temporarily. The acquisition is aimed at providing enhanced resources and stability, with no expected changes to shareholder rights or fund operations if approved. The required shareholder vote must achieve a 1940 Act Majority for the proposal to pass.

Form Type: DEFA14A

Filing Date: 2025-06-13

Corporate Action: Acquisition

Type: New

Accession Number: 000139834425011808

Filing Summary: This document is a definitive additional materials proxy statement regarding the request for shareholders to vote on matters related to the Mesirow High Yield Fund. It highlights that MetLife Investment Management has recently acquired the Mesirow team and the fund, necessitating shareholder participation in the proxy vote. The letter emphasizes the importance of voting and provides contact information for further inquiries.

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.

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.