Evermore Drops Sales Load on its Class A Shares
Class A shares become Investor Class and Class I shares become Institutional Class
SUMMIT, N.J., May 1, 2015 /PRNewswire/ -- Management proposed and the Board of Trustees of Evermore Funds Trust approved the elimination of all sales (load) charges associated with Class A shares of the Evermore Global Value Fund. Concurrent with this fee structure adjustment, the Fund's Class A shares (which previously were available in load and load-waived versions) were renamed and will now be known as "Investor Class" shares. The Fund's Class I shares have also been renamed and will henceforth be known as "Institutional Class" shares.
"Our goal when we launched the Fund in 2010 was to make it accessible to as wide a group of investors and across as many distribution channels as possible, including channels that mainly invested in load share classes" explained Eric LeGoff, CEO of Evermore Funds Trust. "We are pleased to be going back to our roots in the mutual fund industry and to offer only no-load classes of shares in the Evermore Global Value Fund."
The differences between the two classes of shares offered by the Fund is that the Investor Class shares require a minimum investment of $5,000 and carry a 12b-1 fee of 25 basis points annually, and the Institutional Class shares require a minimum investment of $1 million and do not have a 12b-1 fee. The changes discussed above became effective April 30, 2015.
For more information about the Evermore Global Value Fund or Evermore Global Advisors, LLC, the investment adviser to the Evermore Global Value Fund, please contact Lily Simo, Evermore VP of Investor Services at 866-315-2710 or [email protected].
About Evermore Global Advisors, LLC
Evermore Global Advisors, LLC is the investment adviser to the Evermore Global Value Fund and other managed accounts. Founded in 2009 by CEO and portfolio manager David Marcus, and President and Chief Operating Officer Eric LeGoff, Evermore focuses on deep value, catalyst-driven special situations investments across the globe. In making investment decisions, Evermore seeks to leverage the portfolio manager's many years of investing experience, extensive global network of relationships, and practical business operating experience of its principals.
Headquartered in Summit, N.J., Evermore Global Advisors is an investment adviser registered under the Investment Advisers Act of 1940.
For more information, please visit http://evermoreglobal.com.
While the funds are no-load, management and other expenses still apply.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. This and other important information is contained in the Evermore Funds' statutory and summary prospectuses, which may be obtained by contacting your financial advisor, by calling Evermore Global Advisors at 866-EVERMORE or (866-383-7667) or on our website at www.evermoreglobal.com. Please read it carefully before investing.
Mutual fund investing involves risk. Principal loss is possible. The Fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for emerging markets. Investing in small and mid-sized companies involves additional risks such as limited liquidity and greater volatility. The Fund may make short sales of securities, which involves the risk that losses may exceed the original amount invested. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment in lower-rated, non-rated and distressed securities presents a greater risk of loss to principal and interest than higher-rated securities. Due to the focused portfolio, the fund may have more volatility and more risk than a fund that invests in a greater number of securities. Additional special risks relevant to our Fund involve derivatives and special situations. Please refer to the prospectus for further details.
Quasar Distributors, LLC is the distributor of the Fund.
CONTACT: Tony Kono
JCPR
646-922-7767
[email protected]
SOURCE Evermore Global Advisors
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