-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MFLtyEG9jsriBPVTVr5FXLb7PlnX+lu5idqhza/kRTUiSpavu6HVgySkVLnPcbia i/V6HImK4wqZ/F+9z5oq8A== 0001012709-02-001409.txt : 20021024 0001012709-02-001409.hdr.sgml : 20021024 20021024101943 ACCESSION NUMBER: 0001012709-02-001409 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20021024 EFFECTIVENESS DATE: 20021024 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IMPACT MANAGEMENT INVESTMENT TRUST CENTRAL INDEX KEY: 0001030805 IRS NUMBER: 232873254 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-22095 FILM NUMBER: 02796709 BUSINESS ADDRESS: STREET 1: 1875 SKI TIME SQUARE DR STREET 2: STE ONE CITY: STEAMBOAT SPRINGS STATE: CO ZIP: 80487 BUSINESS PHONE: 9708791189 MAIL ADDRESS: STREET 1: ARROTT BUILDING STREET 2: 401 WOOD ST 3RD FL CITY: PITTSBURGH STATE: PA ZIP: 15222 497 1 x497-1002.txt IMPACT MANAGEMENT INVESTMENT TRUST IMPACT MANAGEMENT INVESTMENT TRUST IMPACT TOTAL RETURN PORTFOLIO CLASS A SHARES CLASS F SHARES CLASS R SHARES SUPPLEMENT DATED OCTOBER 24, 2002 TO THE PROSPECTUS DATED JANUARY 28, 2002, AS AMENDED ON MAY 3, 2002 AND MAY 31, 2002 - -------------------------------------------------------------------------------- Equity Assets Management, Inc. ("EAM"), the IMPACT Total Return Portfolio's (the "Portfolio") investment adviser and Schneider Capital Management, Inc. ("Schneider"), the Portfolio's sub-adviser, have terminated their agreement pursuant to which EAM intended to sell its business relating to the management of the Portfolio's assets to Schneider. EAM continues to be unable to achieve profitability in connection with its management of the Portfolio and has been unable to attract any additional proposals for the sale of the investment management business related to the Portfolio. The Portfolio's Board of Trustees has determined that the Portfolio is not presently economically viable and does not have prospects to become economically viable in the future. Accordingly, the Board has requested that EAM develop a plan for the orderly liquidation of the Portfolio. In addition, the Board has determined to cease offering shares of the Portfolio for sale. IMPACT MANAGEMENT INVESTMENT TRUST IMPACT TOTAL RETURN PORTFOLIO INSTITUTIONAL CLASS SUPPLEMENT DATED OCTOBER 24, 2002 TO THE PROSPECTUS DATED JANUARY 28, 2002, AS AMENDED ON MAY 3, 2002, MAY 31, 2002 AND AUGUST 7, 2002 - -------------------------------------------------------------------------------- Equity Assets Management, Inc. ("EAM"), the IMPACT Total Return Portfolio's (the "Portfolio") investment adviser and Schneider Capital Management, Inc. ("Schneider"), the Portfolio's sub-adviser, have terminated their agreement pursuant to which EAM intended to sell its business relating to the management of the Portfolio's assets to Schneider. EAM continues to be unable to achieve profitability in connection with its management of the Portfolio and has been unable to attract any additional proposals for the sale of the investment management business related to the Portfolio. The Portfolio's Board of Trustees has determined that the Portfolio is not presently economically viable and does not have prospects to become economically viable in the future. Accordingly, the Board has requested that EAM develop a plan for the orderly liquidation of the Portfolio. In addition, the Board has determined to cease offering shares of the Portfolio for sale. IMPACT MANAGEMENT INVESTMENT TRUST IMPACT 25 FUND CLASS A SHARES CLASS F SHARES INSTITUTIONAL CLASS SHARES SUPPLEMENT DATED OCTOBER 24, 2002 TO THE PROSPECTUSES DATED APRIL 1, 2002 - -------------------------------------------------------------------------------- Equity Assets Management, Inc. ("EAM"), the IMPACT 25 Fund's (the "25 Fund") investment adviser and Schneider Capital Management, Inc. ("Schneider"), the sub-adviser to the IMPACT Total Return Portfolio (the "TR Portfolio"), a separate series of the IMPACT Management Investment Trust, have terminated their agreement for the sale of EAM's business relating to the management of the TR Portfolio's assets. EAM continues to be unable to achieve profitability in connection with its management of the TR Portfolio and has been unable to attract any additional proposals for the sale of the investment management business related to the TR Portfolio or the 25 Fund. EAM has been unsuccessful in formulating a plan acceptable to the 25 Fund's Board of Trustees regarding the ongoing management and provision of investment advice to the 25 Fund and the 25 Fund's Board of Trustees has determined that the 25 Fund is not presently economically viable and does not have prospects to become economically viable in the future. Accordingly, the Board has requested that EAM develop a plan for the orderly liquidation of the 25 Fund. In addition, the Board has determined to cease offering shares of the 25 Fund for sale. -----END PRIVACY-ENHANCED MESSAGE-----