May 17, 2006
OLD MUTUAL ADVISOR FUNDS
Old Mutual Copper Rock Emerging Growth Fund
THE MEETING OF SHAREHOLDERS SCHEDULED FOR
May12, 2006 HAS BEEN ADJOURNED TO JUNE 16, 2006.
Dear Shareholder:
We are asking for your help on an important matter affecting your investment(s) with Old Mutual Copper Rock Emerging Growth Fund. Our records indicate that you have not yet cast your vote for the proposals described in the proxy statement dated April 3, 2006 and considered at the shareholder meeting held on May 12, 2006 (the “Meeting”). Due to voting by fewer than the required number of shareholders, the Meeting has been adjourned to June 16, 2006 at 10:00 a.m. Mountain Time, and will be held at the offices of Old Mutual Capital, Inc., 4643 South Ulster Street, 6th Floor, Denver, Colorado 80237. It is very important for you to vote your shares no matter the size of your investment.
As a shareholder in the Old Mutual Copper Rock Emerging Growth Fund, you are being asked to approve a sub-advisory agreement between Old Mutual Capital, Inc. and Copper Rock Capital Partners, LLC. After careful consideration, the Board of Trustees of the Fund, including the independent Trustees, recommends that you vote “FOR” the proposal. If you should have any questions about these proposals or would like another copy of the proxy statement, please call 1-800-761-6521.
For your convenience, we have set-up the methods below to cast your vote and we strongly encourage you to vote your shares today. Voting is easy. You may utilize one of the following options to ensure that your vote is promptly recorded in time for the adjourned meeting.
TOUCHTONE/TELEPHONE: | To vote by touchtone, call toll free 1-866-437-4714 and follow the recorded instructions. If you should wish to speak to a representative when casting your vote, please call toll free 1-800-761-6521. |
INTERNET: | Vote on the Internet at www.myproxyonline.com and follow the on-screen instructions. Please be sure to have the enclosed proxy card(s) available at the time you plan on voting. |
MAIL: | Please vote, sign and date the proxy and return the proxy in the postage paid envelope provided. |
PLEASE VOTE YOUR SHARES TODAY
Again, if you should any questions regarding the proxy information or the execution of your vote, please call 1-800-761-6521.
Thank you for your time and consideration.
_______________________________________________________________________________________________________
Distributor: Old Mutual Investment Partners, Member NASD, SIPC
D-06-267 05/2006