12/19/2025 | Press release | Distributed by Public on 12/19/2025 07:19
The Merger Fund®
Virtus Event Opportunities Trust
Supplement dated December 19, 2025 to Statutory Prospectus applicable to The Merger Fund® and
Virtus Event Opportunities Trust (the "Prospectus") dated April 28, 2025
Important Notice to Investors
Effective January 1, 2026, Virtus Westchester Credit Event Fund will change its dividend distribution frequency to monthly.
As a result, the first sentence in the "Dividends, Distributions and Taxes" section beginning on page 53 of the Prospectus will be replaced with the following disclosure and an associated table:
The funds plan to make distributions from net investment income at intervals stated in the table below and to distribute net realized capital gains, if any, at least annually.
| Fund | Dividend Paid |
| The Merger Fund® | Annually |
| Virtus Westchester Credit Event Fund | Monthly |
| Virtus Westchester Event-Driven Fund | Annually |
Investors should retain this supplement with the Prospectus for future reference.
TMF-VEOT 7089/ Westchester Distribution Frequency Change (12/2025)