0000894189-22-004121.txt : 20220601 0000894189-22-004121.hdr.sgml : 20220601 20220601134859 ACCESSION NUMBER: 0000894189-22-004121 CONFORMED SUBMISSION TYPE: 425 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20220601 DATE AS OF CHANGE: 20220601 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Advisors Preferred Trust CENTRAL INDEX KEY: 0001556505 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 425 SEC ACT: 1934 Act SEC FILE NUMBER: 811-22756 FILM NUMBER: 22986873 BUSINESS ADDRESS: STREET 1: 1445 RESEARCH BOULEVARD STREET 2: SUITE 530 CITY: ROCKVILLE STATE: MD ZIP: 20850 BUSINESS PHONE: 2402231998 MAIL ADDRESS: STREET 1: 1445 RESEARCH BOULEVARD STREET 2: SUITE 530 CITY: ROCKVILLE STATE: MD ZIP: 20850 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Managed Portfolio Series CENTRAL INDEX KEY: 0001511699 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 425 BUSINESS ADDRESS: STREET 1: 615 EAST MICHIGAN STREET CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 414-287-3700 MAIL ADDRESS: STREET 1: 615 EAST MICHIGAN STREET CITY: MILWAUKEE STATE: WI ZIP: 53202 CENTRAL INDEX KEY: 0001511699 S000075575 Kensington Managed Income Fund C000234786 Institutional Class Shares KAMIX CENTRAL INDEX KEY: 0001556505 S000065569 Kensington Managed Income Fund C000212091 Kensington Managed Income Fund Institutional Class Shares KAMIX CENTRAL INDEX KEY: 0001511699 S000075575 Kensington Managed Income Fund C000234787 Class C Shares KAMCX CENTRAL INDEX KEY: 0001556505 S000065569 Kensington Managed Income Fund C000214283 Kensington Managed Income Fund Class C Shares KAMCX CENTRAL INDEX KEY: 0001511699 S000075575 Kensington Managed Income Fund C000234788 Class A Shares KAMAX CENTRAL INDEX KEY: 0001556505 S000065569 Kensington Managed Income Fund C000212092 Kensington Managed Income Fund Class A Shares KAMAX CENTRAL INDEX KEY: 0001511699 S000075576 Kensington Dynamic Growth Fund C000234789 Class C Shares KAGCX CENTRAL INDEX KEY: 0001556505 S000069713 Kensington Dynamic Growth Fund C000222385 Kensington Dynamic Growth Fund Class C Shares KAGCX CENTRAL INDEX KEY: 0001511699 S000075576 Kensington Dynamic Growth Fund C000234790 Institutional Class Shares KAGIX CENTRAL INDEX KEY: 0001556505 S000069713 Kensington Dynamic Growth Fund C000222387 Kensington Dynamic Growth Fund Institutional Class Shares KAGIX CENTRAL INDEX KEY: 0001511699 S000075576 Kensington Dynamic Growth Fund C000234791 Class A Shares KAGAX CENTRAL INDEX KEY: 0001556505 S000069713 Kensington Dynamic Growth Fund C000222386 Kensington Dynamic Growth Fund Class A Shares KAGAX 425 1 kensingtonokapieml53122.htm 425 Document
Filed by Managed Portfolio Series (SEC File No. 333-262082)
pursuant to Rule 425 under the Securities Act of 1933, as amended, and deemed filed
pursuant to Rule 14a-6 under the Securities Exchange Act of 1934, as amended

Subject Company: Kensington Managed Income Fund / Kensington Dynamic Growth Fund
SEC File No. 811-22756

Dear Kensington Shareholder,
You are an owner of either Kensington Dynamic Growth (KAGIX) or Kensington Managed Income (KAMIX), or both, of the Kensington Asset Management family of mutual funds.
Recently you were mailed a proxy for a change to the funds, and you have likely received phone calls regarding it as well. I know these solicitations can be annoying. The good news is when you vote your shares, they stop contacting you.
 
There may be ways you can vote your shares via:
 
•PHONE: You can vote by phone by calling the proxy firm, Okapi Partners at (844) 343-2643
•EMAIL:  You can email your vote to kensington@okapipartners.com providing your name, address and how you want to vote (“FOR”, “AGAINST”, or “ABSTAIN”)
•INTERNET: If you have your control number from the proxy card you received by mail you can vote at the website on that card
 
Again, you would vote “FOR”, “AGAINST”, or “ABSTAIN” to the following:
 
“To approve an Agreement and Plan of Reorganization by and between Advisors Preferred Trust (the "Target Trust") and Managed Portfolio Series (the "Acquiring Trust") which provides for the reorganization of the above-mentioned Fund (the "Target Fund") into a newly created series within the Acquiring Trust (the “Acquiring Fund”), providing for: (a) the acquisition of all of the assets and assumption of all of the liabilities of the Target Fund by the Acquiring Fund in exchange for shares of the Acquiring Fund; (b) the distribution of such shares to the shareholders of the Target  Fund; and (c) the liquidation and termination of the Target  Fund.”
 
The Board of Trustees for the Funds recommends a vote “FOR” Proposal 1.
 
This change includes the following highlights as part of the re-organization:

•The expense ratio of each class of the new funds is expected to be lower than the expense ratio of the corresponding classes of the current funds
•Instituted breakpoints in an effort to lower the management fee.
•Kensington has agreed to limit the operating expenses of the new funds at a level that is lower than the current cap on the current funds for a period extending for two years following the Reorganization
•Kensington will pay all costs associated with the Reorganization
 
If you have any questions, please let me know. 
 
Many Thanks,