0001193125-24-143813.txt : 20240521 0001193125-24-143813.hdr.sgml : 20240521 20240521145127 ACCESSION NUMBER: 0001193125-24-143813 CONFORMED SUBMISSION TYPE: 425 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240521 DATE AS OF CHANGE: 20240521 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AQUILA MUNICIPAL TRUST CENTRAL INDEX KEY: 0000784056 ORGANIZATION NAME: IRS NUMBER: 136864349 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 425 SEC ACT: 1934 Act SEC FILE NUMBER: 811-04503 FILM NUMBER: 24968729 BUSINESS ADDRESS: STREET 1: 120 WEST 45TH STREET STREET 2: STE 3600 CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2126976666 MAIL ADDRESS: STREET 1: 120 WEST 45TH STREET STREET 2: SUITE 3600 CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: TAX-FREE TRUST OF ARIZONA DATE OF NAME CHANGE: 20060126 FORMER COMPANY: FORMER CONFORMED NAME: TAX FREE TRUST OF ARIZONA DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MAINSTAY FUNDS TRUST CENTRAL INDEX KEY: 0001469192 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 425 BUSINESS ADDRESS: STREET 1: 51 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 212 576 7000 MAIL ADDRESS: STREET 1: 51 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10010 CENTRAL INDEX KEY: 0001469192 S000065655 MainStay MacKay Strategic Municipal Allocation Fund C000212404 Class A MTFDX CENTRAL INDEX KEY: 0000784056 S000041641 Aquila Churchill Tax-Free Fund of Kentucky C000129277 Class I CHKIX S000041642 Aquila Narragansett Tax-Free Income Fund C000129280 Class I NITIX CENTRAL INDEX KEY: 0001469192 S000065655 MainStay MacKay Strategic Municipal Allocation Fund C000212406 Class I MTFGX CENTRAL INDEX KEY: 0000784056 S000041641 Aquila Churchill Tax-Free Fund of Kentucky C000129278 Class Y CHKYX C000188813 Class F CHKFX S000041642 Aquila Narragansett Tax-Free Income Fund C000129281 Class Y NITYX C000188815 Class F NIFFX CENTRAL INDEX KEY: 0001469192 S000065655 MainStay MacKay Strategic Municipal Allocation Fund C000212407 Class C MTFFX CENTRAL INDEX KEY: 0000784056 S000041641 Aquila Churchill Tax-Free Fund of Kentucky C000129276 Class C CHKCX S000041642 Aquila Narragansett Tax-Free Income Fund C000129279 Class C NITCX CENTRAL INDEX KEY: 0001469192 S000065655 MainStay MacKay Strategic Municipal Allocation Fund C000250195 Class Z MTFZX CENTRAL INDEX KEY: 0000784056 S000041641 Aquila Churchill Tax-Free Fund of Kentucky C000129275 Class A CHTFX S000041642 Aquila Narragansett Tax-Free Income Fund C000129282 Class A NITFX CENTRAL INDEX KEY: 0001469192 S000085225 MainStay MacKay Arizona Muni Fund C000250180 Class C AZTCX CENTRAL INDEX KEY: 0000784056 S000009132 AQUILA TAX-FREE TRUST OF ARIZONA C000024834 Class C AZTCX CENTRAL INDEX KEY: 0001469192 S000085225 MainStay MacKay Arizona Muni Fund C000250181 Class I AZTYX CENTRAL INDEX KEY: 0000784056 S000009132 AQUILA TAX-FREE TRUST OF ARIZONA C000024836 Class Y AZTYX C000188809 Class F AZFFX CENTRAL INDEX KEY: 0001469192 S000085225 MainStay MacKay Arizona Muni Fund C000250182 Class Z AZTFX CENTRAL INDEX KEY: 0000784056 S000009132 AQUILA TAX-FREE TRUST OF ARIZONA C000024833 Class A AZTFX CENTRAL INDEX KEY: 0001469192 S000085226 MainStay MacKay Colorado Muni Fund C000250183 Class I COTYX CENTRAL INDEX KEY: 0000784056 S000041640 Aquila Tax-Free Fund of Colorado C000129274 Class Y COTYX C000188811 Class F COFFX CENTRAL INDEX KEY: 0001469192 S000085226 MainStay MacKay Colorado Muni Fund C000250184 Class Z COTFX CENTRAL INDEX KEY: 0000784056 S000041640 Aquila Tax-Free Fund of Colorado C000129271 Class A COTFX CENTRAL INDEX KEY: 0001469192 S000085226 MainStay MacKay Colorado Muni Fund C000250186 Class C COTCX CENTRAL INDEX KEY: 0000784056 S000041640 Aquila Tax-Free Fund of Colorado C000129272 Class C COTCX CENTRAL INDEX KEY: 0001469192 S000085227 MainStay MacKay Oregon Muni Fund C000250187 Class C ORTCX CENTRAL INDEX KEY: 0000784056 S000068287 Aquila Tax-Free Trust of Oregon C000218605 Class C ORTCX CENTRAL INDEX KEY: 0001469192 S000085227 MainStay MacKay Oregon Muni Fund C000250188 Class I ORTYX CENTRAL INDEX KEY: 0000784056 S000068287 Aquila Tax-Free Trust of Oregon C000218603 Class Y ORTYX C000218606 Class F ORFFX CENTRAL INDEX KEY: 0001469192 S000085227 MainStay MacKay Oregon Muni Fund C000250189 Class Z ORTFX CENTRAL INDEX KEY: 0000784056 S000068287 Aquila Tax-Free Trust of Oregon C000218604 Class A ORTFX CENTRAL INDEX KEY: 0001469192 S000085228 MainStay MacKay Utah Muni Fund C000250191 Class C UTACX CENTRAL INDEX KEY: 0000784056 S000041643 Aquila Tax-Free Fund For Utah C000129284 Class C UTACX CENTRAL INDEX KEY: 0001469192 S000085228 MainStay MacKay Utah Muni Fund C000250192 Class I UTAYX CENTRAL INDEX KEY: 0000784056 S000041643 Aquila Tax-Free Fund For Utah C000129286 Class Y UTAYX C000188818 Class F UTAFX CENTRAL INDEX KEY: 0001469192 S000085228 MainStay MacKay Utah Muni Fund C000250193 Class Z UTAHX CENTRAL INDEX KEY: 0000784056 S000041643 Aquila Tax-Free Fund For Utah C000129283 Class A UTAHX 425 1 d822835d425.htm MAINSTAY FUNDS TRUST Mainstay Funds Trust

Draft of Financial Intermediary Communication

AMT Shareholder Meeting

Filed by MainStay Funds Trust (SEC File Nos.: 333-277907, 333-277908,

333-277909, and 333-277910, 333-277911 and 333-234099; 811-22321)

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: Aquila Municipal Trust

Subject Company SEC File Numbers: 033-01857 and 811-4503

Thank you for your continued support of Aquila Group of Funds. To follow-up from the communication sent to your firm in March 2024, we would like to provide an update on the upcoming Special Meeting of Shareholders of certain Aquila Municipal Trust Funds, scheduled to be held on June 17, 2024.

In March 2024, the Board of Trustees of Aquila Municipal Trust (the “Board”) unanimously approved the reorganization (each, a “Reorganization”) of each of Aquila Tax-Free Trust of Arizona, Aquila Tax-Free Fund of Colorado, Aquila Churchill Tax-Free Fund of Kentucky, Aquila Tax-Free Trust of Oregon, Aquila Narragansett Tax-Free Income Fund, and Aquila Tax-Free Trust For Utah (each, an “Aquila Fund” or a “Current Aquila Fund”) into either an existing series or newly created series of MainStay Funds Trust (each, an “Acquiring MainStay Fund”).

At the June 17, 2024 Shareholder Meeting, shareholders are being asked to approve an Agreement and Plan of Reorganization relating to their Aquila Fund. The proposed Reorganizations are listed below:

 

Current Aquila Fund

    Current
CUSIP		    Current
Ticker		   

Acquiring MainStay Fund

Effective Date: On or around July 19, 2024

(Close of Business)

    Target
CUSIP		    Target
Ticker
Aquila Tax-Free Trust of Arizona A    03842A103    AZTFX    MainStay MacKay Arizona Muni Fund Class Z    56064R402    AZTFX
Aquila Tax-Free Trust of Arizona C    03842A202    AZTCX    MainStay MacKay Arizona Muni Fund Class C    56064R204    AZTCX
Aquila Tax-Free Trust of Arizona Y    03842A301    AZTYX    MainStay MacKay Arizona Muni Fund Class I    56064R303    AZTYX
Aquila Tax-Free Fund of Colorado A    03842A400    COTFX    MainStay MacKay Colorado Muni Fund Class Z    56064R808    COTFX
Aquila Tax-Free Fund of Colorado C    03842A509    COTCX    MainStay MacKay Colorado Muni Fund Class C    56064R600    COTCX
Aquila Tax-Free Fund of Colorado Y    03842A608    COTYX    MainStay MacKay Colorado Muni Fund Class I    56064R709    COTYX
Aquila Churchill Tax-Free Fund of Kentucky A    03842A707    CHTFX    MainStay MacKay Strategic Municipal Allocation Fund Class Z    56064R790    MTFZX
Aquila Churchill Tax-Free Fund of Kentucky C    03842A806    CHKCX    MainStay MacKay Strategic Municipal Allocation Fund Class C    56064L363    MTFFX
Aquila Churchill Tax-Free Fund of Kentucky F    03842A699    CHKFX    MainStay MacKay Strategic Municipal Allocation Fund Class I    56064L355    MTFGX
Aquila Churchill Tax-Free Fund of Kentucky I    03842A889    CHKIX    MainStay MacKay Strategic Municipal Allocation Fund Class A    56064L389    MTFDX
Aquila Churchill Tax-Free Fund of Kentucky Y    03842A871    CHKYX    MainStay MacKay Strategic Municipal Allocation Fund Class I    56064L355    MTFGX
Aquila Tax-Free Trust of Oregon A    03842N105    ORTFX    MainStay MacKay Oregon Muni Fund Class Z    56064R857    ORTFX
Aquila Tax-Free Trust of Oregon C    03842N204    ORTCX    MainStay MacKay Oregon Muni Fund Class C    56064R873    ORTCX
Aquila Tax-Free Trust of Oregon F    03842N501    ORFFX    MainStay MacKay Oregon Muni Fund Class I    56064R865    ORTYX
Aquila Tax-Free Trust of Oregon Y    03842N303    ORTYX    MainStay MacKay Oregon Muni Fund Class I    56064R865    ORTYX
Aquila Narragansett Tax-Free Income Fund A    03842A863    NITFX    MainStay MacKay Strategic Municipal Allocation Fund Class Z    56064R790    MTFZX
Aquila Narragansett Tax-Free Income Fund C    03842A855    NITCX    MainStay MacKay Strategic Municipal Allocation Fund Class C    56064L363    MTFFX
Aquila Narragansett Tax-Free Income Fund F    03842A673    NIFFX    MainStay MacKay Strategic Municipal Allocation Fund Class I    56064L355    MTFGX
Aquila Narragansett Tax-Free Income Fund I    03842A848    NITIX    MainStay MacKay Strategic Municipal Allocation Fund Class A    56064L389    MTFDX
Aquila Narragansett Tax-Free Income Fund Y    03842A830    NITYX    MainStay MacKay Strategic Municipal Allocation Fund Class I    56064L355    MTFGX
Aquila Tax-Free Trust For Utah A    03842A822    UTAHX    MainStay MacKay Utah Muni Fund Class Z    56064R816    UTAHX
Aquila Tax-Free Trust For Utah C    03842A814    UTACX    MainStay MacKay Utah Muni Fund Class C    56064R832    UTACX
Aquila Tax-Free Trust For Utah F    03842A657    UTAFX    MainStay MacKay Utah Muni Fund Class I    56064R824    UTAYX
Aquila Tax-Free Trust For Utah Y    03842A798    UTAYX    MainStay MacKay Utah Muni Fund Class I    56064R824    UTAYX

Draft of Financial Intermediary Communication

AMT Shareholder Meeting

 

Important Information Concerning the Reorganizations and Shareholder Meeting

 

  •  

Each Acquiring MainStay Fund is managed by New York Life Investment Management LLC and subadvised by MacKay Shields LLC, a subsidiary of New York Life.

 

  •  

Shareholders who own shares of an Aquila Funds as of March 28, 2024 are entitled to vote at the Shareholder Meeting.

 

  •  

The Aquila Funds’ shareholders were sent a Proxy Statement/Prospectus and proxy card relating to the Reorganization of their Aquila Fund on or around May 8, 2024 and can vote their shares by phone, internet or mail.

 

  •  

The Aquila Fund(s) may conduct follow-up mailing(s) in connection with the solicitation of shareholder votes. Certain shareholders may receive phone call(s) and/or additional mailing(s) if their shares are not yet voted.

 

  •  

Shareholder votes are very important. The Board of Trustees of Aquila Municipal Trust believes that each Reorganization is in the best interests of the applicable Aquila Fund and its shareholders and recommends shareholders vote “FOR” the Reorganization of their Aquila Fund.

 

  •  

The Shareholder Meeting may be adjourned if the necessary voting results/quorum are not reached by the June 17, 2024 date of the Shareholder Meeting. If the Shareholder Meeting is adjourned from June 17, 2024 to a later date, follow-up communications may be sent to shareholders and to your firm to solicit additional votes.

 

  •  

If the Reorganizations are not approved by shareholders, such Aquila Fund(s) will continue to be advised by Aquila Investment Management LLC, the investment adviser for the Aquila Funds, and the Board will determine what additional action, if any, should be taken.

 

  •  

Neither the Funds nor their shareholders are expected to recognize any gain or loss for U.S. federal income tax purposes as a direct result of the Reorganizations.

 

  •  

If shareholders approve the Reorganizations and all other conditions are satisfied or waived, shareholders of an Aquila Fund will become shareholders of the corresponding Acquiring MainStay Fund, and receive shares of a class of the Acquiring MainStay Fund equal in net asset value to the shares of the Aquila Fund that the shareholders held on the closing day of the Reorganization of their Fund.

We will continue to keep your firm apprised of any new developments. If you have any questions or require additional information, please contact Dina Hoeske at dhoeske@aquilafunds.com.

Thank you.

Draft of Financial Intermediary Communication

AMT Shareholder Meeting

 

To receive a free copy of a Proxy Statement/Prospectus relating to a Reorganization, please call New York Life Investments toll free at 1-800-624-6782. This document is qualified in its entirety by reference to the Proxy Statement/Prospectus and supersedes any prior document. The Proxy Statement/Prospectus contains important information about fund objectives, strategies, fees, expenses and risk considerations, and therefore you are advised to read it. The Proxy Statement/Prospectus and shareholder reports and other information are or will also be available for free on the SEC’s website (www.sec.gov). Please read any Proxy Statement/Prospectus carefully before making any decision to invest or to approve a Reorganization.