We are pleased to announce that during a Special Meeting of Shareholders held on February 5, 2014, the shareholders of the Formula Investing U.S. Value 1000 Fund and the Formula Investing U.S. Value Select Fund (the "Formula Funds") approved the Agreement and Plan of Reorganization to merge the funds into the Gotham Enhanced Return Fund. The merger will be completed prior to the opening of business on February 10, 2014.
In connection with the merger, the Formula Funds have made the following distributions (per share):
Ordinary Income Rate
Short Term Cap Gain Rate
Long Term Cap Gain Rate
Formula Investing U.S. Value 1000 Fund - Class A
Formula Investing U.S. Value Select Fund - Class I
Formula Investing U.S. Value Select Fund - Class A
For more information on the Gotham Enhanced Return Fund and other Gotham Funds, please visit www.GothamFunds.com.