M&A - Morgan Stanley ETF Trust

Form Type: 497

Filing Date: 2025-04-15

Corporate Action: Merger

Type: New

Accession Number: 000110465925034754

Filing Summary: Morgan Stanley Mortgage Securities Trust is notifying shareholders of a special meeting slated for June 5, 2025, where a key proposal will be voted on regarding the reorganization of the Acquired Fund into the Eaton Vance Mortgage Opportunities ETF, a series of Morgan Stanley ETF Trust. Shareholders that hold shares as of April 10, 2025, will be entitled to vote. If the reorganization is approved, existing Acquired Fund shareholders will automatically become shareholders of the new ETF, receiving shares equivalent in value to their holdings in the Acquired Fund. The meeting will cover additional matters as well. The reorganization is designed to allow for greater trading flexibility, transparency, and potential tax efficiency. The Board of Trustees recommends shareholders vote in favor of the reorganization. The expected completion date for the merger will take place on or about August 1, 2025.

Form Type: N-14

Filing Date: 2025-03-14

Corporate Action: Merger

Type: New

Accession Number: 000110465925024023

Filing Summary: Morgan Stanley ETF Trust has filed a Registration Statement under the Securities Act of 1933 for a proposed reorganization involving the Morgan Stanley Mortgage Securities Trust, which will be merged into the Eaton Vance Mortgage Opportunities ETF, a series of Morgan Stanley ETF Trust. This merger is subject to shareholder approval, with a Special Meeting scheduled for June 5, 2025. Shareholders of the Acquired Fund will receive shares of the Acquiring Fund equivalent to the net asset value of their holdings in the Acquired Fund, along with cash for fractional shares. This reorganization is anticipated to occur around August 1, 2025, if approved. The filing outlines the benefits of transitioning from a mutual fund to an ETF structure, including enhanced trading flexibility, increased transparency, and potential for lower expenses and improved tax efficiency. The Board of Trustees of both funds has unanimously recommended the merger, asserting it is in the best interests of the shareholders.