0000894189-22-008064.txt : 20221101 0000894189-22-008064.hdr.sgml : 20221101 20221101171428 ACCESSION NUMBER: 0000894189-22-008064 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20221101 DATE AS OF CHANGE: 20221101 EFFECTIVENESS DATE: 20221101 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BRIDGES INVESTMENT FUND INC CENTRAL INDEX KEY: 0000014170 IRS NUMBER: 476027880 STATE OF INCORPORATION: NE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-21600 FILM NUMBER: 221351431 BUSINESS ADDRESS: STREET 1: 13333 CALIFORNIA STREET STREET 2: SUITE 500 CITY: OMAHA STATE: NE ZIP: 68154 BUSINESS PHONE: 402-397-4700 MAIL ADDRESS: STREET 1: 13333 CALIFORNIA STREET STREET 2: SUITE 500 CITY: OMAHA STATE: NE ZIP: 68154 0000014170 S000006176 Bridges Investment Fund, Inc. C000017015 Bridges Investment Fund, Inc. BRGIX 497 1 bridges497estickerrereorga.htm 497 Document


Filed pursuant to Rule 497(e)
1933 Act File No. 002-21600
1940 Act File No. 811-01209

BRIDGES INVESTMENT FUND, INC.

SUPPLEMENT DATED NOVEMBER 1, 2022 TO THE
PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION (“SAI”)
DATED APRIL 30, 2022

At a meeting held September 26, 2022, the Board of Directors (the “Board”) of Bridges Investment Fund, Inc. (the “Fund”) approved, and recommended approval by a vote of the Fund’s shareholders, an Agreement and Plan of Reorganization whereby the Fund would reorganize from a standalone structure (organized as a Nebraska corporation) (the “Reorganization”) and move into a newly-created series of Professionally Managed Portfolios (organized as a Massachusetts business trust) – to be referred to as the Bridges Investment Fund (the “Acquiring Fund”). The Reorganization is structured as a tax-free reorganization for federal tax purposes.

The Acquiring Fund’s investment objectives and principal investment strategies are identical to those of the Fund. In addition, Bridges Investment Management, Inc. (the “Adviser”), which serves as the current investment adviser to the Fund, will continue to serve as the investment adviser to the Acquiring Fund with the same portfolio management team, and there will be no changes to the Fund’s advisory fee. It is anticipated that the Acquiring Fund will have a lower net expense ratio than the Fund. The purpose of the proposal is to seek to achieve greater economies of scale for the Fund due to the larger assets of the multiple series trust platform and to obtain greater access to the resources offered by the multiple series trust platform.

In the coming weeks, the Fund’s shareholders of record will receive a proxy statement soliciting their vote with respect to the proposed Reorganization. A Special Meeting of the Fund shareholders is scheduled for Wednesday, December 7th, 2022, at 11:00 a.m. Central Time at the Fund’s offices in Omaha, Nebraska. A more complete description of the Reorganization, as well as information regarding the factors the Board considered in approving the Reorganization will be provided in the proxy statement. If approved by the Fund shareholders, the Reorganization is expected to take effect on or about December 30, 2022, although the date may be changed by the parties in accordance with the Agreement and Plan of Reorganization. When you receive your proxy statement, please review it and cast your vote so the Fund may avoid any future solicitations. Your vote is important to the Fund.



Please retain this supplement with your Prospectus and SAI.