M&A - AMERICAN BEACON SELECT FUNDS

Form Type: 497

Filing Date: 2025-03-11

Corporate Action: Merger

Type: New

Accession Number: 000113322825002526

Filing Summary: The document discusses the reorganization of the Ionic Inflation Protection ETF (the Target Fund) into the American Beacon Ionic Inflation Protection ETF (the Acquiring Fund), which is part of the American Beacon Select Funds. This reorganization, approved by the Board of Trustees and majority shareholders, will automatically exchange shares of the Target Fund for shares of the Acquiring Fund without any sales loads or transaction fees. The reorganization aims to benefit shareholders by providing enhanced distribution capabilities and potential for asset growth, while maintaining similar portfolio management strategies. The reorganization is expected to take effect on or about April 11, 2025, with trading in the Target Fund to be suspended prior to the closing date. The document emphasizes that it's a tax-free transaction for federal income tax purposes, and the orderly transition is facilitated without proxy voting requirements from shareholders.

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Form Type: N-14

Filing Date: 2025-01-24

Corporate Action: Merger

Type: New

Accession Number: 000113322825000515

Filing Summary: The document announces a reorganization of the Ionic Inflation Protection ETF, a series of Tidal ETF Trust, into the American Beacon Ionic Inflation Protection ETF, a new series of American Beacon Select Funds. The reorganization is being recommended by Tidal Investments LLC and Ionic Capital Management LLC, and has been approved by the Board of Trustees of the Target Trust and the Majority Shareholders. The reorganization is set to occur on or about April 11, 2025, at which point shareholders of the Target Fund will be given shares in the Acquiring Fund at equal number and value. The reorganization is expected to be tax-free for federal income tax purposes. The document details the transition process, management changes, the implications for fees and expenses for shareholders, and outlines that trading in the Target Fund will be suspended prior to reorganization. The document also reinforces that no proxy is being requested from shareholders for this transaction.

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