Advised by Water Island Capital

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Water Island Event-Driven

Water Island Credit Opportunities

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Advised by Water Island Capital

Our Funds

Water Island Event-Driven

Water Island Credit Opportunities

Updates

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Notes from the Desk

Market & Event Updates from the Water Island Capital Investment Team

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An investor should consider the investment objectives, risks, charges, and expenses of the funds carefully before investing. The current prospectus contains this and other information about the funds. To obtain a prospectus, please click here or call (800) 295-4485. Please read the prospectus carefully before investing. Investing involves risk, including potential loss of principal. The Arbitrage Funds are distributed by ALPS Distributors Inc., which is not affiliated with the advisor or any of its affiliates.

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