Effective October 15, 2020, the reorganization of the iMGP Smaller Companies Fund, a series of the Litman Gregory Funds Trust (the “Smaller Companies Fund”), into the iMGP SBH Focused Small Value Fund, a series of the Litman Gregory Funds Trust (the “SBH Focused Fund”) (the “Reorganization”) has taken effect.
Accordingly, the Smaller Companies Fund has transferred all of its assets to the SBH Focused Fund, and the SBH Focused Fund has assumed all of the liabilities of the Smaller Companies Fund. Shareholders of the Smaller Companies Fund have received Institutional Class shares of the SBH Focused Fund equal in aggregate net asset value to the value of their shares of the Smaller Companies Fund, in exchange for their shares of the Smaller Companies Fund.
Shareholders of the Smaller Companies Fund (ticker MSSFX, CUSIP 53700T306) received 1.9834 shares of the Institutional Class of the SBH Focused Fund (ticker PFSVX, CUSIP 53700T850) upon completion of the reorganization.