Form DEFA14A ADVISORS SERIES TRUST

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September 23, 2026 9:32 AM EDT
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
(Amendment No.)
Filed by the Registrant ☒
Filed by a Party other than the Registrant ☐
Check the appropriate box:
☐Preliminary Proxy Statement
☐Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
☐Definitive Proxy Statement
☒Definitive Additional Materials
☐Soliciting Material Pursuant to § 240.14a-12
ADVISORS SERIES TRUST
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
☒No fee required.
☐Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
(1)Title of each class of securities to which transaction applies:
(2)Aggregate number of securities to which transaction applies:
(3)Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule
0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
(4)Proposed maximum aggregate value of transaction:
(5)Total fee paid:
☐Fee paid previously with preliminary materials:
☐Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the
offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date
of its filing.
(1)Amount Previously Paid:
(2)Form, Schedule or Registration Statement No.:
(3)Filing Party:
(4)Date Filed:
PIAADJ1006 Dear Valued Investor, You are receiving this letter as you are a record date holder of the PIA High Yield Fund (the “Fund”), and we have yet to receive your vote instructions for your Fund’s upcoming shareholder meeting. Join your fellow shareholders and vote now using any of the methods listed. Make your voice heard! Important Key Items Proposal that needs your Vote To approve a new investment advisory agreement between the Trust, on behalf of the Fund, and Pacific Income Advisers, Inc. *The Change of Control WILL NOT CHANGE: your Fund’s name or the number of shares you own of your Fund. The full Proxy Statement is located on www.proxyvote.com after entering your 16-digit control number. Meeting Date Special Shareholder Meeting to be held on October 6, 2026 at 12:00 p.m. CT. We appreciate your investment and thank you for voting. Sincerely, Advisors Series Trust Go to www.proxyvote.com Without a proxy card Call 1-877-788-1779 (Weekdays 9am to 10pm ET) With a proxy card Access the automated system using a touch-tone phone Call the number located on your ballot Scan the QR code on the enclosed proxy card Mark, sign and date the enclosed ballot and mail in the envelope provided We offer four easy ways to vote! Your unique 16-digit control number can be found on the enclosed ballot in the box marked with an arrow. ADVISORS SERIES TRUST PIA High Yield Fund - PHYSX

 

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