M&A - STERLING CAPITAL FUNDS

Form Type: 497

Filing Date: 2025-02-28

Corporate Action: Merger

Type: Update

Accession Number: 000139834425004334

Filing Summary: Sterling Capital Funds filed a supplement to various prospectuses regarding the merger of Sterling Capital Mid Value Fund (the 'Acquired Fund') into Sterling Capital Mid Cap Relative Value Fund (the 'Acquiring Fund'). The merger is scheduled to occur on or about May 12, 2025, and is expected to be a tax-free reorganization. Shareholders of the Acquired Fund will have their investments exchanged for equivalent investments in the Acquiring Fund, with no sales charges or redemption fees incurred. The Acquired Fund will reposition its portfolio prior to the merger, disposing of approximately 89% of its investments, possibly leading to taxable capital gains distributions for shareholders. Shareholder approval for the merger is not required, and redemptions before the merger may result in taxable events. Additionally, Andrew T. DiZio has been appointed co-portfolio manager of the Mid Value Fund, and will become the sole portfolio manager effective April 1, 2025, succeeding William C. Smith and Lee D. Houser.

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