0000707800-18-000037.txt : 20180425 0000707800-18-000037.hdr.sgml : 20180425 20180425063604 ACCESSION NUMBER: 0000707800-18-000037 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180425 DATE AS OF CHANGE: 20180425 EFFECTIVENESS DATE: 20180425 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AQUILA MUNICIPAL TRUST CENTRAL INDEX KEY: 0000784056 IRS NUMBER: 136864349 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-01857 FILM NUMBER: 18772670 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HAWAIIAN TAX FREE TRUST CENTRAL INDEX KEY: 0000750909 IRS NUMBER: 136845048 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-92583 FILM NUMBER: 18772671 BUSINESS ADDRESS: STREET 1: 120 WEST 45TH STREET STREET 2: #3600 CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2126976666 MAIL ADDRESS: STREET 1: 120 WEST 45TH STREET STREET 2: #3600 CITY: NEW YORK STATE: NY ZIP: 10036 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CASCADES TRUST CENTRAL INDEX KEY: 0000791049 IRS NUMBER: 136868231 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-04382 FILM NUMBER: 18772672 BUSINESS ADDRESS: STREET 1: 120 WEST 45TH STREET STREET 2: SUITE 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 OREGON DATE OF NAME CHANGE: 19890810 0000750909 S000009108 HAWAIIAN TAX-FREE TRUST C000024774 HAWAIIAN TAX-FREE TRUST CLASS A HULAX C000024775 HAWAIIAN TAX-FREE TRUST CLASS C HULCX C000024777 HAWAIIAN TAX-FREE TRUST CLASS Y HULYX C000188793 HAWAIIAN TAX-FREE TRUST CLASS F C000188794 HAWAIIAN TAX-FREE TRUST CLASS T 0000784056 S000009132 AQUILA TAX-FREE TRUST OF ARIZONA C000024833 Class A AZTFX C000024834 Class C AZTCX C000024836 Class Y AZTYX C000188809 Class F C000188810 Class T 0000784056 S000041640 Aquila Tax-Free Fund of Colorado C000129271 Class A COTFX C000129272 Class C COTCX C000129274 Class Y COTYX C000188811 Class F C000188812 Class T 0000784056 S000041641 Aquila Churchill Tax-Free Fund of Kentucky C000129275 Class A CHTFX C000129276 Class C CHKCX C000129277 Class I CHKIX C000129278 Class Y CHKYX C000188813 Class F C000188814 Class T 0000784056 S000041642 Aquila Narragansett Tax-Free Income Fund C000129279 Class C NITCX C000129280 Class I NITIX C000129281 Class Y NITYX C000129282 Class A NITFX C000188815 Class F C000188816 Class T 0000784056 S000041643 Aquila Tax-Free Fund For Utah C000129283 Class A UTAHX C000129284 Class C UTACX C000129286 Class Y UTAYX C000188817 Class T C000188818 Class F 0000791049 S000006648 AQUILA TAX-FREE TRUST OF OREGON C000018137 Class A ORTFX C000018138 Class C ORTCX C000018140 Class Y ORTYX C000188797 Class F C000188798 Class T 497 1 aqlmunisup42518.htm SUPPLEMENT TO THE PROSPECTUS AND SAI - ATM, HTFT, ATFTO

Aquila Municipal Trust
Aquila Tax-Free Trust of Arizona
Aquila Tax-Free Fund of Colorado
Aquila Churchill Tax-Free Fund of Kentucky
Aquila Narragansett Tax-Free Income Fund
Aquila Tax-Free Fund For Utah

Hawaiian Tax-Free Trust

The Cascades Trust
Aquila Tax-Free Trust of Oregon

Supplement dated April 25, 2018
to the Prospectus and Statement of Additional Information
dated July 25, 2017, as revised as of September 1, 2017

The following disclosure supplements any information to the contrary in each Fund's Prospectus and Statement of Additional Information:

Reduced Sales Charges for Certain Purchases of Class A Shares

The following disclosure supplements the information in the Prospectus under the heading "Reduced Sales Charges for Certain Purchases of Class A Shares – Other:"
Class A Shares may be purchased without a sales charge by investors who purchase shares through a self-directed brokerage account program offered by a financial intermediary that has entered into an agreement with the Fund's Distributor. Financial intermediaries offering such programs may or may not charge transaction fees.
Broker-Defined Sales Charge Waiver Policies

The following disclosure supplements the information in the Prospectus under the heading "Broker-Defined Sales Charge Waiver Policies:"
Morgan Stanley Smith Barney:
Effective April 25, 2018, shareholders purchasing Fund shares through a Morgan Stanley Wealth Management transactional brokerage account will be eligible only for the following front-end sales charge waivers with respect to Class A shares, which may differ from and may be more limited than those disclosed elsewhere in this Fund's Prospectus or SAI.
Front-end Sales Charge Waivers on Class A Shares available at Morgan Stanley Wealth Management
·
Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans).  For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans
·
Morgan Stanley employee and employee-related accounts according to Morgan Stanley's account linking rules
·
Shares purchased through reinvestment of dividends and capital gains distributions when purchasing shares of the same fund
·
Shares purchased through a Morgan Stanley self-directed brokerage account
·
Class C (i.e., level-load) shares that are no longer subject to a contingent deferred sales charge and are converted to Class A shares of the same fund pursuant to Morgan Stanley Wealth Management's share class conversion program
·
Shares purchased from the proceeds of redemptions within the same fund family, provided (i) the repurchase occurs within 90 days following the redemption, (ii) the redemption and purchase occur in the same account, and (iii) redeemed shares were subject to a front-end or deferred sales charge.
Please retain this supplement for future reference.