The Arbitrage Funds
NEWS ARCHIVE

The Arbitrage Funds 2011 Distributions
December 16, 2011
The Arbitrage Funds will make the following distribution payments on pay date 12/19/11 for shareholders of record on 12/15/11, going ex 12/16/11:

The Arbitrage Fund ARBFX ARBNX
Ordinary Income $0.00000 $0.00000
Short-Term Capital Gain $0.29287 $0.29287
Long-Term Capital Gain $0.00240 $0.00240
Total $0.29527 $0.29527

The Arbitrage Event-Driven Fund AEDFX AEDNX
Ordinary Income $0.14861 $0.14962
Short-Term Capital Gain $0.47610 $0.47610
Long-Term Capital Gain $0.00000 $0.00000
Total $0.62471 $0.62572

Litman Gregory Partners with Water Island Capital on Alternative Strategies Fund
October 5, 2011
Water Island Capital has been selected by Litman Gregory Fund Advisors, an affiliate of fee-only investment advisory firm Litman Gregory Asset Management, to be included as a sub-manager in its Litman Gregory Masters Alternative Strategies Fund (MASFX, MASNX), a no-load, multi-strategy mutual fund that offers investors diversified exposure to alternative and absolute return-oriented strategies. Water Island will manage an event-driven allocation, in line with its expertise in its mutual fund, The Arbitrage Event-Driven Fund. For more information please read the press release.

The Arbitrage Funds to Attend IMPACT 2011
September 15, 2011
The Arbitrage Funds will be attending IMPACT 2011 in San Francisco from November 1-4. Please visit us at Booth #1234, where portfolio manager Roger Foltynowicz and analyst Jim Powers will available to answer your questions and discuss our funds.

The Arbitrage Funds Quarterly Commentary Now Available
July 15, 2011
Water Island Capital has published its quarterly advisor commentary for both The Arbitrage Fund and The Arbitrage Event-Driven Fund. The letters are available on the Funds’ Financial Data pages.

The Arbitrage Funds to Attend 2011 Morningstar Investment Conference
June 6, 2011
The Arbitrage Funds will be attending the 2011 Morningstar Investment Conference in Chicago from June 8-10. Please visit us at Booth #134, where Portfolio Manager Todd Munn will available to answer your questions and discuss our funds.

Water Island Capital to Host Arbitrage Event-Driven Fund Webinar
June 2, 2011
On Wednesday, June 29, at 4:15 PM ET, Water Island Capital will be hosting a webinar for financial professionals discussing our newest fund, The Arbitrage Event-Driven Fund. The webinar will include commentary and Q&A from our portfolio managers. Please contact us if you would like to pre-register.

Water Island Capital Launches New Website
May 20, 2011
Water Island Capital is pleased to announce the launch of our new website. In addition to an updated look and feel, we look forward to expanding the usefulness and functionality of our site in the weeks and months ahead. For those advisors and institutional investors who would like to be on our email list and have access to certain institutional-use-only materials, please contact us to request a username and password.

Transamerica Partners with Water Island Capital on Alternative Strategies Portfolio
January 25, 2011
Water Island Capital has been selected by Transamerica Asset Management Group to be included as a sub-manager in its Transamerica Multi-Manager Alternative Strategies Portfolio. Water Island will manage a merger arbitrage allocation, in line with its expertise in its mutual fund, The Arbitrage Fund. For more information please read the press release.

Announcing The Arbitrage Event-Driven Fund
October 1, 2010
On October 1, 2010, The Arbitrage Event-Driven Fund, the second fund in The Arbitrage Funds Series Trust, launched. The Fund has both an institutional (Ticker: AEDNX) and retail (Ticker: AEDFX) share class. For more information on the Fund, please read the prospectus or download the presentation materials.

The Arbitrage Fund Undergoes “Soft Close”
July 19, 2010
As of 4:00 PM ET on Monday, July 19, 2010, The Arbitrage Fund will undergo a “soft close.” The Arbitrage Fund will be available on a limited basis going forward from that date. Please click here to read the supplement to the prospectus, and contact us with any questions you may have regarding the soft close.