Supplement dated June 1, 2020
to the Prospectus and Summary Prospectus, each as
supplemented, of each of the following funds:
Fund
|
Prospectus
and Summary Prospectus Dated |
Columbia
Funds Series Trust |
|
Columbia
Select Global Growth Fund |
7/1/2019
|
|
|
Columbia
Funds Series Trust I |
|
Columbia
Disciplined Small Core Fund |
1/1/2020
|
|
|
Columbia
Funds Series Trust II |
|
Columbia
Contrarian Europe Fund |
3/1/2020
|
Columbia
Small/Mid Cap Value Fund |
10/1/2019
|
(each, a Fund, together, the
Funds)
As previously announced in February 2020, the
Board of Trustees of each Fund, having determined that a reorganization of that Fund was in the best interest of the Fund, voted to approve an Agreement and Plan of Reorganization to reorganize the Fund (each, a Target Fund) with and into the
corresponding acquiring fund presented in the table below (each, an Acquiring Fund). Pursuant to applicable law (including the Investment Company Act of 1940), each reorganization may be implemented without obtaining shareholder approval. The
reorganizations are expected to occur on or about July 10, 2020 and are expected to be a tax-free reorganization for U.S. federal income tax purposes. Additional information about the reorganizations has been provided in a Combined Information
Statement/Prospectus, which was sent to shareholders of record as of March 25, 2020.
Target
Fund |
Acquiring
Fund |
Columbia
Contrarian Europe Fund |
Columbia
Overseas Core Fund |
Columbia
Disciplined Small Core Fund |
Columbia
Small Cap Value Fund I |
Columbia
Select Global Growth Fund |
Columbia
Select Global Equity Fund |
Columbia
Small/Mid Cap Value Fund |
Columbia
Select Mid Cap Value Fund |
The
foregoing is not an offer to sell, nor a solicitation of an offer to buy, shares of any Acquiring Fund, nor is it a solicitation of any proxy. Because each Target Fund will reorganize into the corresponding Acquiring Fund on its reorganization date,
you should consider the appropriateness of making a new or subsequent investment in the Target Fund prior to its reorganization date. You should consider the investment objectives, risks, strategies, fees and expenses of an Acquiring Fund and/or
Target Fund carefully before investing. To obtain an Acquiring Fund's current prospectus, shareholder reports and other regulatory filings, contact your financial intermediary or visit columbiathreadneedleus.com.
Shareholders should retain this Supplement for future
reference.