Please note the following update:
A definitive agreement has been reached between Aquila Investment Management LLC (“Aquila”) and Cantor Fitzgerald Investment Advisors, LP (“Cantor”) to sell assets used in its investment advisory business relating to the Aquila Funds Trust (the “Funds” or each a “Fund”) (the “transaction”). Under the terms of the agreement, subject to Fund shareholder approval, each Fund is expected to be reorganized into a newly created series of Cantor Select Portfolios Trust (each a “Reorganization” or collectively, the “Reorganizations”), and subsequently will be advised by Cantor and subadvised by Smith Group Asset Management, LLC.
The proposed Reorganizations are listed below:
| Acquired Aquila Funds | Acquiring Cantor Funds |
| Aquila High Income Fund | Cantor Fitzgerald High Income Fund |
| Aquila Opportunity Growth Fund | Cantor Fitzgerald Equity Opportunity Fund |
A Special Meeting of Shareholders to vote on the proposed Reorganizations is scheduled for August 1, 2024. It is critical for all shareholders to exercise their right to vote regardless of the number of shares they own.
Please note: If the Reorganization is not approved by shareholders, the Board of Trustees will need to consider other options up to and including the liquidation of the Funds. Liquidation of the Funds may result in income tax liabilities for shareholders.
Click here to learn more about the proposed Reorganizations and cast your vote today.
To receive a free copy of a Proxy Statement/Prospectus relating to a Reorganization, please call Cantor Fitzgerald Asset Management toll-free at (855) 9-CANTOR. This communication is qualified in its entirety by reference to the Proxy Statement/Prospectus and supersedes any prior document.
The Proxy Statement/Prospectus contains important information about fund objectives, strategies, fees, expenses and risk considerations, and therefore you are advised to read it. The Proxy Statement/Prospectus is also be available for free on the U.S. Securities and Exchange Commission’s website (www.sec.gov). Please read any Proxy Statement/Prospectus carefully before making any decision to invest or to approve a Reorganization.
Mutual fund investing involves risk; loss of principal is possible. Investment risks include, but are not limited to, potential loss of value, market risk, financial risk, interest rate and credit rate risk, and investments in highly-leveraged companies, lower-quality debt securities, foreign markets and foreign currencies. High-yield bonds are subject to greater credit risk, default risk, and liquidity risk.
Before investing in any mutual fund offered by Aquila Group of Funds, carefully read about and consider the investment objectives, risks, charges, expenses, and other information found in the fund’s prospectus. The prospectus is available from your financial professional, by clicking here, and by calling 800-437-1020.