M&A - Voya INVESTORS TRUST

Form Type: 497

Filing Date: 2025-05-29

Corporate Action: Merger

Type: New

Accession Number: 000168386325004883

Filing Summary: On May 15, 2025, the Board of Trustees of Voya Investors Trust approved proposals to reorganize its portfolios termed the "Disappearing Portfolios" into a "Surviving Fund." The two Disappearing Portfolios involved are the Voya Large Cap Value Portfolio and the VY® T. Rowe Price Equity Income Portfolio, which will be merged into the Voya Large Cap Value Fund and Voya Equity Trust, respectively. The proposed reorganizations require shareholder approval, with a proxy statement/prospectus to be mailed around October 1, 2025. Shareholder meetings are to be held on or about November 20, 2025, with an expected closing date for the reorganizations around December 5, 2025. A transition period for aligning holdings with the Surviving Fund is anticipated to start on November 21, 2025, lasting until the closing date. During this transition, investment objectives may not be pursued as usual, leading to potential disadvantages in transactions. The Disappearing Portfolios are not offered directly to the public, whereas the Surviving Fund has no such restrictions. After the merger, shareholders will hold shares of the Surviving Fund.