Form DEFA14A Exchange Place Advisors

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

SCHEDULE 14A
(Rule 14a-101)

 

INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION

 

Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934

 

Filed by the Registrant x
Filed by a Party other than the Registrant o

 

Check the appropriate box:

 

o	Preliminary Proxy Statement
o	Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
o	Definitive Proxy Statement
x	Definitive Additional Materials
o	Soliciting Material Pursuant to Section 240.14a-11(c) or Section 240.14a-12

 

EXCHANGE PLACE ADVISORS TRUST

(Name of Registrant as Specified in Its Charter)

 

Payment of Filing Fee (Check the appropriate box):

 

x	No fee required.
o	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:
o	Fee paid previously with preliminary materials.

 

 

 

o	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 the 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:

 

IMPORTANT INFORMATION BELOW - PLEASE READ!

November 3, 2025

Dear Shareholder,

I am writing to request your assistance as a valued shareholder of one or more North Square Funds (the “Funds”). Enclosed you will find a joint proxy statement with information about the upcoming Joint Special Meeting of Shareholders of the Funds in which shareholders are being asked to vote on the following proposals:

1.

For all Shareholders: To approve new investment advisory agreements (the "New Advisory Agreements") between the Trust, on behalf of each Fund, and North Square Investments, LLC (“NSI”).

 

2.

For Shareholders of the Preferred and Income Securities Fund ONLY: To approve an amendment to the fundamental concentration policy of the North Square Preferred and Income Securities Fund.

 

Reasoning for the New Investment Advisory Agreements:

On July 22, 2025, NSI announced that it, through its parent company NSI Holdco, LLC, had entered into a binding agreement to be acquired by Azimut Group, an independent global asset manager based in Milan, Italy. Under the Investment Company Act of 1940, any investment advisory agreement, including any sub-advisory agreement, terminates automatically upon its "assignment.” The acquisition of NSI, through its parent company, by Azimut will be deemed a “change of control event,” which will cause an assignment of the current investment advisory agreements, resulting in their automatic termination. Therefore, in order for NSI to continue to serve as investment adviser to the Funds, shareholders are being asked to approve the new investment advisory agreements.

If approved, NSI will continue to serve as investment adviser to the Funds and each Fund’s investment objectives, policies, strategies, and fee rates will not change. Additionally, the portfolio managers currently responsible for the day-to-day management of the Funds are expected to continue in those roles.

Reasoning for the Change in the Fund’s Fundamental Concentration Policy (Preferred and Income Securities Fund ONLY):

The Preferred and Income Securities Fund is seeking approval to adopt the following revised concentration policy:

“The Preferred and Income Securities Fund may not invest 25% or more of its total assets, calculated at the time of purchase and taken at market value, in any one industry or group of industries (other than securities issued by the U.S. government, its agencies or instrumentalities), provided, however, that, under normal circumstances, the Preferred and Income Securities Fund will invest, directly or indirectly, at least 25% of its total assets in the banking, financial services, and insurance group of industries.”

NSI, the Preferred and Income Securities Fund’s investment adviser, and Red Cedar Investment Management, LLC, the Preferred and Income Securities Fund’s investment sub-adviser, are recommending the adoption of the revised concentration policy because they believe it will provide greater investment flexibility and the potential for better investment performance.

The proposals are more fully described in the enclosed joint proxy statement.

We ask that you vote today via one of the below easy methods:

1)    Internet, by entering the link and control number found on the enclosed proxy card.

2)    Phone, by calling the toll-free number on the enclosed proxy card.

3)    Mail, by signing and returning the proxy card in the enclosed pre-paid envelope.

 

THE BOARD UNANIMOUSLY RECOMMENDS THAT SHAREHOLDERS VOTE "FOR" THE PROPOSALS

 

 

If you have any questions or need assistance voting your shares, please contact our proxy solicitation firm, Okapi Partners LLC, toll-free at: (877) 279-2311 or by email at: [email protected].

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