M&A: NORTH COUNTRY FUNDS

Form Type: PRE 14A

Filing Date: 2025-01-06

Corporate Action: Acquisition

Type: New

Accession Number: 000158064225000096

Comments: The North Country Funds is seeking shareholder approval at two special meetings scheduled for February 26, 2025, to facilitate the acquisition of new trustees and a new investment advisory agreement with Advisors Preferred LLC. North Country Investment Advisers, the current adviser, plans to exit the mutual fund advisory business, prompting the need for this change. Proposal 1 seeks to elect five new trustees, while Proposal 2 requests approval of the new advisory agreement that will reduce the advisory fee from 0.75% to 0.70% and cap total operating expenses to 1.03% for the next two years. Shareholders are strongly encouraged to vote in favor of both proposals to ensure the continuity and improvement of fund management. If the proposals do not pass, the fund may remain with its current structure, with potential liquidation as a consideration by the Board.

Document Link: View Document

Additional details:

Meeting Date: 2025-02-26

First Meeting Time: 10:00 AM ET

Second Meeting Time: 10:30 AM ET

New Advisory Fee Rate: 0.70%

Current Advisory Fee Rate: 0.75%

Operating Expense Cap: 1.03% for at least two years

First Meeting Location: 41 S. High St. #1700, Columbus, Ohio 43215

Second Meeting Location: 41 S. High St. #1700, Columbus, Ohio 43215

Trustees To Be Elected: Charles R. Ranson, Felix Rivera, David M. Feldman, Brian S. Humphrey, Catherine Ayers-Rigsby

Record Date: 2025-01-07