DEFINITIVE COPIES
(File Nos. 33-49570 and 811-6742)
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
(Amendment No. )
Filed by the Registrant [X]
Filed by a Party other than the Registrant [ ]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] CONFIDENTIAL, FOR USE OF THE COMMISSION ONLY (AS PERMITTED BY
RULE 14A-6(E)(2))
[ ] Definitive Proxy Statement
[X] Definitive Additional Materials
[ ] Soliciting Material Pursuant toss.240.14a-11(c) orss.240.14a-12
MONARCH FUNDS
Two Portland Square
Portland, Maine 04101
(207) 879-1900
David M. Whitaker
Citigroup Fund Services, LLC
Two Portland Square
Portland, Maine 04101
Copies to:
R. Darrell Mounts, Esq.
Kirkpatrick & Lockhart Nicholson Graham LLP
1800 Massachusetts Avenue NW
Washington, D.C. 20036
Payment of Filing Fee (Check the appropriate box):
[X] No Fee Required
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1)
and 0-11
1) Title of each class of securities to which transaction
applies:
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2) Aggregate number of securities to which transaction
applies:
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3) Per unit price or other underlying value of transaction
computed pursuant to Exchange Act Rule 0-11:
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4) Proposed maximum aggregate value of transaction:
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5) Total fee paid:
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[ ] Fee paid previously with preliminary materials.
1
DEFINITIVE COPIES
[ ] Check box if any part of the fee is offset as provided by
Exchange Act Rule 0-11(a)(2) and identify the filing for which
the offsetting fee was paid previously. Identify the previous
filing by registration statement number, or the Form or
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1) Amount Previously Paid:
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2
Monarch Funds
Notice of Adjournment
November 3, 2005
Dear Shareholder:
We had to adjourn the Special Meeting of Shareholders until December 7, 2005, at
2:00 p.m. eastern time because we did not receive a sufficient number of votes
from shareholders. Please take a moment now and vote your shares so that another
adjournment will not be needed. This will save your Fund additional expense and
benefit all shareholders.
Another copy of your ballot(s) has been enclosed with this letter for your
convenience. Should you have any questions regarding the proposal, please call
the toll-free number listed below. The following voting options have been set up
for your convenience.
1. VOTE BY TOUCH-TONE PHONE. You may cast your vote by telephone
by calling the toll free number found on the enclosed proxy
card.
2. VOTE BY MAIL. You may cast your vote by mail by signing,
dating and mailing the enclosed proxy card in the
postage-prepaid return envelope provided.
Please do not hesitate to call toll-free (800) 754-8757 if you have any
questions regarding this matter. Representatives are available to answer any
questions you might have. You can also record your voting instructions right
over the phone by calling toll-free (800) 690-6903.
Please help your Fund hold this Special Meeting of Shareholders on December 7,
2005 by voting your shares today. If you have already voted, thank you very
much.
Sincerely,
/s/ David M. Whitaker
David M. Whitaker
Secretary
MONARCH FUNDS
TWO PORTLAND SQUARE
PORTLAND, MAINE 04101
PROXY
(FOR SHAREHOLDERS OF DAILY ASSETS TREASURY FUND ONLY)
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
Revoking any such prior appointments, the undersigned appoints David M.
Whitaker, Leslie K. Klenk and Edward C. Lawrence (or, if only one shall act,
that one) proxies with the power of substitution to vote all of the shares of
Daily Assets Treasury Fund (the "Fund"), a series of Monarch Funds (the
"Trust"), registered in the name of the undersigned at the Special Meeting of
Shareholders of the Fund to be held at the offices of Citigroup Fund Services,
LLC, Two Portland Square, Fourth Floor, Portland, Maine 04101, on December 7,
2005, at 2:00 p.m. (Eastern time), and at any postponements or adjournments
thereof.
The shares of beneficial interest represented by this Proxy will be voted in
accordance with the instructions given by the undersigned below. IF NO CHOICE IS
SPECIFIED ON THE PROXY, PROPERLY EXECUTED PROXIES THAT ARE RETURNED IN TIME TO
BE VOTED AT THE MEETING WILL BE VOTED "FOR" THE APPROVAL OF THE PROPOSAL SET
FORTH BELOW. The Trust has proposed this Proposal. The Board of Trustees
recommends voting "FOR" the Proposal.
PROPOSAL
To approve the new investment advisory agreement between the
Trust and Monarch Investment Advisors, LLC with respect to
Daily Assets Treasury Fund.
FOR _____ AGAINST _____ ABSTAIN _____
(NOTE: Checking the box labeled "Abstain" will result in the shares covered by
the Proxy being treated as if they were voted "Against" a Proposal.) Receipt is
acknowledged of the Notice and Proxy Statement for the Special Meeting of
Shareholders to be held on December 7, 2005. PLEASE SIGN AND DATE THIS PROXY IN
THE SPACE PROVIDED AND RETURN IT PROMPTLY IN THE POSTAGE-PAID ENVELOPE PROVIDED.
Execution by shareholders who are not individuals must be made by an authorized
signatory. Executors, administrators, trustees, guardians and others signing in
a representative capacity should give their full title as such.
________________________________ ____________________
Authorized Signature Date
________________________________
Printed Name (and Title if Applicable)
_________________________________ ____________________
Authorized Signature Date
(Joint Investor or Second Signatory)
_________________________________
Printed Name (and Title if Applicable)
MONARCH FUNDS
TWO PORTLAND SQUARE
PORTLAND, MAINE 04101
PROXY
(FOR SHAREHOLDERS OF DAILY ASSETS GOVERNMENT FUND ONLY)
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
Revoking any such prior appointments, the undersigned appoints David M.
Whitaker, Leslie K. Klenk and Edward C. Lawrence (or, if only one shall act,
that one) proxies with the power of substitution to vote all of the shares of
Daily Assets Government Fund (the "Fund"), a series of Monarch Funds (the
"Trust"), registered in the name of the undersigned at the Special Meeting of
Shareholders of the Fund to be held at the offices of Citigroup Fund Services,
LLC, Two Portland Square, Fourth Floor, Portland, Maine 04101, on December 7,
2005, at 2:00 p.m. (Eastern time), and at any postponements or adjournments
thereof.
The shares of beneficial interest represented by this Proxy will be voted in
accordance with the instructions given by the undersigned below. IF NO CHOICE IS
SPECIFIED ON THE PROXY, PROPERLY EXECUTED PROXIES THAT ARE RETURNED IN TIME TO
BE VOTED AT THE MEETING WILL BE VOTED "FOR" THE APPROVAL OF THE PROPOSAL SET
FORTH BELOW. The Trust has proposed this Proposal. The Board of Trustees
recommends voting "FOR" the Proposal.
PROPOSAL
To approve the new investment advisory agreement between the
Trust and Monarch Investment Advisors, LLC with respect to
Daily Assets Government Fund.
FOR _____ AGAINST _____ ABSTAIN _____
(NOTE: Checking the box labeled "Abstain" will result in the shares covered by
the Proxy being treated as if they were voted "Against" a Proposal.) Receipt is
acknowledged of the Notice and Proxy Statement for the Special Meeting of
Shareholders to be held on December 7, 2005. PLEASE SIGN AND DATE THIS PROXY IN
THE SPACE PROVIDED AND RETURN IT PROMPTLY IN THE POSTAGE-PAID ENVELOPE PROVIDED.
Execution by shareholders who are not individuals must be made by an authorized
signatory. Executors, administrators, trustees, guardians and others signing in
a representative capacity should give their full title as such.
________________________________ ____________________
Authorized Signature Date
________________________________
Printed Name (and Title if Applicable)
_________________________________ ____________________
Authorized Signature Date
(Joint Investor or Second Signatory)
_________________________________
Printed Name (and Title if Applicable)
MONARCH FUNDS
TWO PORTLAND SQUARE
PORTLAND, MAINE 04101
PROXY
(FOR SHAREHOLDERS OF DAILY ASSETS GOVERNMENT OBLIGATIONS FUND ONLY)
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
Revoking any such prior appointments, the undersigned appoints David M.
Whitaker, Leslie K. Klenk and Edward C. Lawrence (or, if only one shall act,
that one) proxies with the power of substitution to vote all of the shares of
Daily Assets Government Obligations Fund (the "Fund"), a series of Monarch Funds
(the "Trust"), registered in the name of the undersigned at the Special Meeting
of Shareholders of the Fund to be held at the offices of Citigroup Fund
Services, LLC, Two Portland Square, Fourth Floor, Portland, Maine 04101, on
December 7, 2005, at 2:00 p.m. (Eastern time), and at any postponements or
adjournments thereof.
The shares of beneficial interest represented by this Proxy will be voted in
accordance with the instructions given by the undersigned below. IF NO CHOICE IS
SPECIFIED ON THE PROXY, PROPERLY EXECUTED PROXIES THAT ARE RETURNED IN TIME TO
BE VOTED AT THE MEETING WILL BE VOTED "FOR" THE APPROVAL OF THE PROPOSAL SET
FORTH BELOW. The Trust has proposed this Proposal. The Board of Trustees
recommends voting "FOR" the Proposal.
PROPOSAL
To approve the new investment advisory agreement between the
Trust and Monarch Investment Advisors, LLC with respect to
Daily Assets Government Obligations Fund.
FOR _____ AGAINST _____ ABSTAIN _____
(NOTE: Checking the box labeled "Abstain" will result in the shares covered by
the Proxy being treated as if they were voted "Against" a Proposal.) Receipt is
acknowledged of the Notice and Proxy Statement for the Special Meeting of
Shareholders to be held on December 7, 2005. PLEASE SIGN AND DATE THIS PROXY IN
THE SPACE PROVIDED AND RETURN IT PROMPTLY IN THE POSTAGE-PAID ENVELOPE PROVIDED.
Execution by shareholders who are not individuals must be made by an authorized
signatory. Executors, administrators, trustees, guardians and others signing in
a representative capacity should give their full title as such.
________________________________ ____________________
Authorized Signature Date
________________________________
Printed Name (and Title if Applicable)
_________________________________ ____________________
Authorized Signature Date
(Joint Investor or Second Signatory)
_________________________________
Printed Name (and Title if Applicable)
MONARCH FUNDS
TWO PORTLAND SQUARE
PORTLAND, MAINE 04101
PROXY
(FOR SHAREHOLDERS OF DAILY ASSETS CASH FUND ONLY)
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
Revoking any such prior appointments, the undersigned appoints David M.
Whitaker, Leslie K. Klenk and Edward C. Lawrence (or, if only one shall act,
that one) proxies with the power of substitution to vote all of the shares of
Daily Assets Cash Fund (the "Fund"), a series of Monarch Funds (the "Trust"),
registered in the name of the undersigned at the Special Meeting of Shareholders
of the Fund to be held at the offices of Citigroup Fund Services, LLC, Two
Portland Square, Fourth Floor, Portland, Maine 04101, on December 7, 2005, at
2:00 p.m. (Eastern time), and at any postponements or adjournments thereof.
The shares of beneficial interest represented by this Proxy will be voted in
accordance with the instructions given by the undersigned below. IF NO CHOICE IS
SPECIFIED ON THE PROXY, PROPERLY EXECUTED PROXIES THAT ARE RETURNED IN TIME TO
BE VOTED AT THE MEETING WILL BE VOTED "FOR" THE APPROVAL OF THE PROPOSAL SET
FORTH BELOW. The Trust has proposed this Proposal. The Board of Trustees
recommends voting "FOR" the Proposal.
PROPOSAL
To approve the new investment advisory agreement between the
Trust and Monarch Investment Advisors, LLC with respect to
Daily Assets Cash Fund.
FOR _____ AGAINST _____ ABSTAIN _____
(NOTE: Checking the box labeled "Abstain" will result in the shares covered by
the Proxy being treated as if they were voted "Against" a Proposal.) Receipt is
acknowledged of the Notice and Proxy Statement for the Special Meeting of
Shareholders to be held on December 7, 2005. PLEASE SIGN AND DATE THIS PROXY IN
THE SPACE PROVIDED AND RETURN IT PROMPTLY IN THE POSTAGE-PAID ENVELOPE PROVIDED.
Execution by shareholders who are not individuals must be made by an authorized
signatory. Executors, administrators, trustees, guardians and others signing in
a representative capacity should give their full title as such.
________________________________ ____________________
Authorized Signature Date
________________________________
Printed Name (and Title if Applicable)
_________________________________ ____________________
Authorized Signature Date
(Joint Investor or Second Signatory)
_________________________________
Printed Name (and Title if Applicable)