CrossingBridge Pre-Merger SPAC ETF Disclosure

The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 800-617-0004, or visiting www.crossingbridgefunds.com/spac-etf . Read it carefully before investing.

Investing involves risk; Principal loss is possible. The Fund invests in equity securities and warrants of SPACs. Pre-merger SPACs have no operating history or ongoing business other than seeking Combinations, and the value of their securities is particularly dependent on the ability of the entity's management to identify and complete a profitable Combination. There is no guarantee that the SPACs in which the Fund invests will complete a Combination or that any Combination that is completed will be profitable. Unless and until a Combination is completed, a SPAC generally invests its assets in U.S. government securities, money market securities, and cash. Public stockholders of SPACs may not be afforded a meaningful opportunity to vote on a proposed initial Combination because certain stockholders, including stockholders affiliated with the management of the SPAC, may have sufficient voting power, and a financial incentive, to approve such a transaction without support from public stockholders. As a result, a SPAC may complete a Combination even though a majority of its public stockholders do not support such a Combination. Some SPACs may pursue Combinations only within certain industries or regions, which may increase the volatility of their prices. The Fund may invest in SPACs domiciled or listed outside of the U.S., including, but not limited to, Canada, the Cayman Islands, Bermuda, and the Virgin Islands. Investments in SPACs domiciled or listed outside of the U.S. may involve risks not generally associated with investments in the securities of U.S. SPACs, such as risks relating to political, social, and economic developments abroad and differences between U.S. and foreign regulatory requirements and market practices. Further, tax treatment may differ from U.S. SPACs and securities may be subject to foreign withholding taxes. Smaller capitalization SPACs will have a more limited pool of companies with which they can pursue a business combination relative to larger capitalization companies. That may make it more difficult for a small capitalization SPAC to consummate a business combination. Because the Fund is non-diversified it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund. As a result, a decline in the value of an investment in a single issuer could cause the Fund’s overall value to decline to a greater degree than if the Fund held a more diversified portfolio.

Diversification does not assure a profit nor protect against loss in a declining market. Current fund statistics may not be indicative of future positioning.

Opinions expressed are those of CrossingBridge, are subject to change at any time, are not guaranteed and should not be considered investment advice. The information in this presentation has been obtained or derived from sources believed to be reliable by CrossingBridge but CrossingBridge does not represent that the information provided is accurate or complete. Any opinion or estimates or calculations represent the judgment of CrossingBridge at the time and subject to change without notice.

CrossingBridge Advisors, LLC, is the advisor to the CrossingBridge Pre Merger SPAC ETF which is distributed by Foreside Fund Services, LLC. CrossingBridge Advisors, LLC is not affiliated with Foreside Fund Services, LLC.

Fund holdings are subject to change and are not a recommendation to buy or sell any security.

The Indxx SPAC & NextGen IPO Index is a passive rules-based index that tracks the performance of the newly listed Special Purpose Acquisitions Corporations (“SPACs”) ex- warrant and initial public offerings derived from SPACs since August 1, 2017.