Accelerate Arbitrage Fund

The investment objective of the Accelerate Arbitrage Fund the Fund, ARB is to achieve long term capital appreciation and a superior risk-adjusted return relative to the S&P Merger Arbitrage Index… The Fund ARB seeks to outperform the S&P Merger Arbitrage Index through an arbitrage investment strategy by investing primarily in listed equity, debt or derivative securities of target companies involved in mergers or corporate actions, while selling short certain listed equity, debt or derivative securities of acquirer companies involved in mergers or corporate actions, where applicable. The aggregate notional amount of derivatives used for non-hedging purposes will not exceed the limits permitted under applicable securities legislation.