M&A - FORUM FUNDS

Form Type: 497

Filing Date: 2025-07-11

Corporate Action: Acquisition

Type: Update

Accession Number: 000199937125009019

Filing Summary: On July 11, 2025, Forum Funds issued a supplement regarding an asset purchase agreement between H.M. Payson & Co., the investment adviser to the Payson Total Return Fund, and Corient Private Wealth LLC, a subsidiary of CI Financial Corp. The agreement entails Corient acquiring all assets and liabilities of the Adviser, resulting in a change of control. This change will lead to the termination of the Original Investment Advisory Agreement dated December 18, 1995, effective immediately before the Transaction's close, anticipated on August 31, 2025. To maintain management continuity, the Board approved the appointment of Segall Bryant & Hamill, LLC as the interim adviser to the Fund, with terms consistent with the previous agreement. A new investment advisory agreement with SBH was also approved by the Board to be submitted for shareholder approval at a later date. William N. Weickert is no longer a portfolio manager, and all references to him have been removed from the Prospectus.