Supplement dated May 6, 2024
to the Prospectus of 1WS Credit Income Fund (the "Fund") dated February 28, 2024
Effective May 6, 2024, "Appendix A: Supplemental Intermediary Information" of the Fund's Prospectus is hereby superseded and replaced with the following:
APPENDIX A
SUPPLEMENTAL INTERMEDIARY INFORMATION
Intermediaries, in their discretion, charge different sales charge schedules and fees to Fund investors. Certain Intermediaries apply the following three sales charge structures to purchases of Class A-2 Shares. Other charges/fees may also be applied by the Intermediaries.
| (1) | The Distributor understands that one or more other Intermediaries charge a front-end sales charge of up to 2.00% of the amount invested. |
| (2) | The Distributor understands that one or more Intermediaries apply the following specific front-end sales charge schedule: |
Your Investment | As a % of offering | As a % of net amount invested | Dealer's concession as a % of offering price |
| Less than $100,000 | 2.5% | 2.56% | 2.5% |
| $100,000 to $249,999 | 2.0% | 2.04% | 2.0% |
| Over $250,000* | None | None | 1.5% |
| Note: The above percentages may vary for particular investors due to rounding. | |||
| * | A contingent deferred sales charge ("CDSC") may be imposed by such Intermediary if the investor did not pay a sales load and the Shares are repurchased before the first day of the month in which the one year anniversary of the purchase falls. |
| (3) | The Distributor understands that one or more Intermediaries (including LPL Financial LLC and its affiliated broker-dealers) apply the following specific front-end sales charge schedule: |
Your Investment | As a % of offering | As a % of net amount invested | Dealer's concession as a % of offering price |
| Less than $100,000 | 2.5% | 2.56% | 2.5% |
| $100,000 to $249,999 | 2.0% | 2.04% | 2.0% |
| Over $250,000 | 1.5% | 1.52% | 1.5% |
| Note: The above percentages may vary for particular investors due to rounding. | |||
The foregoing schedules/structures are only three examples used by certain Intermediaries and are subject to change at any time. Further, the stated charges may be subject to waivers/reductions based on the Intermediary's specific policies disclosed to their clients. Other Intermediaries may apply different sales charge schedules and/or impose other fees and charges in their discretion and other terms/conditions may apply.
The rest of the Fund's Prospectus remains the same.
Shareholders should retain this Supplement for future reference.