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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 visit the Downloads page of this website or call (800) 295-4485. Please read the prospectus carefully before investing. The Arbitrage Funds are distributed by ALPS Distributors Inc., which is not affiliated with the advisor or any of its affiliates.
Water Island Capital
41 Madison Ave. Fl 42
New York, NY 10010