M&A - Horizon Funds

Form Type: N-14/A

Filing Date: 2025-02-07

Corporate Action: Merger

Type: New

Accession Number: 000139834425002210

Filing Summary: Horizon Funds has filed a registration statement under the Securities Act of 1933 for the proposed merger of Centre American Select Equity Fund and Centre Global Infrastructure Fund, both series of Centre Funds, into corresponding newly created series (Acquiring Funds) of Horizon Funds. This action is part of a larger transaction where Horizon Investments, LLC will acquire certain assets from Centre Asset Management, LLC, subject to shareholder approval at a Special Meeting scheduled for March 27, 2025. The Reorganizations will involve transferring all assets and liabilities of the Acquired Funds to the Acquiring Funds, followed by a distribution of the Acquiring Fund shares to the Acquired Fund’s shareholders. The merger will not result in material gains or losses for tax purposes, and no sales charges or redemption fees will be applied. The management of the Acquiring Funds will remain similar to that of the Acquired Funds, and assurances are made regarding operating expenses, which are expected to be the same or lower post-merger. Shareholders are strongly encouraged to vote ‘FOR’ the proposal to approve the Reorganization Agreement as determined by the Board of Trustees.

Form Type: N-14

Filing Date: 2025-02-06

Corporate Action: Merger

Type: New

Accession Number: 000139834425002109

Filing Summary: Horizon Funds has filed a registration statement for a merger involving their Centre American Select Equity Fund and Centre Global Infrastructure Fund, referred to as the Acquired Funds. Shareholders will vote on March 27, 2025, to approve a Reorganization Agreement that will transfer all assets of each Acquired Fund to newly created corresponding series (Acquiring Funds) of Horizon Funds. This includes the assumption of all liabilities by the Acquiring Funds and involves a complete liquidation of the Acquired Funds with shares distributed to shareholders in exchange for their holdings. The proposed transaction is part of a broader acquisition agreement executed on October 17, 2024, under which Horizon Investments will acquire specific assets related to the management of the Acquired Funds. Following the Reorganization, shareholders will hold shares in the Acquiring Funds with similar investment objectives and strategies. The Board of Trustees has unanimously approved the Reorganizations, affirming that they will not adversely affect the interests of the shareholders. Important details regarding fees, expenses, and contact information for questions are included in the proxy materials sent to shareholders, encouraging them to vote promptly by various means. The deadline for votes is set for the Special Meeting date.

Form Type: N-14

Filing Date: 2025-01-07

Corporate Action: Merger

Type: New

Accession Number: 000139834425000377

Filing Summary: Horizon Funds has filed a Registration Statement for a proposed merger involving the Centre American Select Equity Fund and Centre Global Infrastructure Fund, collectively referred to as the Acquired Funds. A Special Meeting of Shareholders for each Acquired Fund has been scheduled to consider approving an Agreement and Plan of Reorganization wherein the assets and liabilities of the Acquired Funds will be transferred to corresponding newly created funds (Acquiring Funds) under Horizon Funds. The Reorganization will ensure shareholders receive shares of the Acquiring Funds equal in value to their current holdings in the Acquired Funds. The transition aims to maintain the same investment objectives, strategies, and risks, while changing the investment adviser from Centre to Horizon. All necessary approvals are pending, including that of the shareholders. The Outcomes of the meeting will determine the feasibility of the reorganization, indicating potential changes to management and oversight as the Acquiring Funds commence operations. Detailed information is provided for shareholders through a Combined Proxy Statement and Prospectus, which discusses the implications of the merger, expected fee structure adjustments, and overall management continuity.