Definitive Materials Filed by Investment Companies. (497)
21 March 2014 - 6:08AM
Edgar (US Regulatory)
SUPPLEMENT DATED MARCH 20, 2014
TO THE PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION
DATED FEBRUARY 25, 2014
Arden Alternative Strategies Fund
Series of Arden Investment Series Trust
Capitalized terms used in this Supplement and not defined have the same meanings as set forth in the Prospectus and Statement of Additional
Information. Please retain this Supplement for future reference.
I.
|
Change in Expense Limitation
|
Effective April 1, 2014, the Expense Limitation is
reduced from 2.50% to 1.99%.
II.
|
Addition of Sub-Adviser
|
The following paragraph is added to the Funds Prospectus
and Statement of Additional Information.
Effective April 1, 2014, the Board has approved the retention of Whitebox Advisors LLC
(Whitebox) as a sub-adviser to manage a portion of the Funds assets using Relative Value Strategies. Whitebox is located at 3033 Excelsior Boulevard, Suite 300, Minneapolis, MN 55416.
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