SCHEDULE 14A INFORMATION
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CLS Global Diversified Equity Fund
CLS Growth and Income Fund
CLS Flexible Income Fund
CLS Global Aggressive Equity Fund
CLS Shelter Fund
Please do not disregard this letter
Special Meeting of Shareholders adjourned due to lack of Participation
Dear Valued Shareholder:
We have been trying to reach you regarding the special meeting of shareholders for the above-mentioned Funds (the “Funds”). The meeting has now been adjourned to October 27, 2020 due to lack of shareholder participation. We are desperately trying to reach quorum for the meeting and still haven’t yet received your vote. Please note that we would not bear the expense of reaching out to you unless we absolutely needed your participation to reach quorum to hold the meeting. You may think your vote is inconsequential, but your participation helps us to avoid costly additional adjournments and solicitations.
Shareholders will be asked to vote on the following proposal:
Proposal 1: To approve a new advisory agreement between the Trust, on behalf of each Fund and CLS Investments, LLC. No changes are proposed with respect to any Fund’s investment strategy, risks, investment objective, or advisory fees.
While to date, an overwhelming majority of the votes received have been cast in favor of the proposal, a quorum of the shares entitled to vote has not yet been achieved for your Fund.
The Board of Trustees recommends that you vote “FOR” the Proposal.
However, even if you simply cast an Abstain vote, which is neither for nor against the proposal, but is only registered for purposes of quorum, it would be a great help. The proxy statement is available online www.okapivote.com/CLS.
In order for your vote to be represented, we must receive your voting instructions. Even if it is past the indicateD MEETING date, please submit your vote Today. For your convenience, please use any of the following methods to submit your vote:
If possible, please use either of the first two options to ensure your vote is captured in time for the meeting.
If you have any questions, please call Okapi Partners, our proxy solicitor, toll-free at (855) 208-8903. Representatives are available Monday - Friday 9:00am to 10:00pm (ET).
