ACAP Strategic Fund

06/02/2026 | Press release | Distributed by Public on 06/02/2026 06:00

Supplemental Prospectus (Form 424B3)

(the "Fund")

SUPPLEMENT DATED JUNE 2, 2026 TO THE

FUND'S PROSPECTUS DATED JANUARY 15, 2026

(THE "PROSPECTUS")

Capitalized terms used in this Supplement but not defined herein have the same meanings ascribed to them in the Prospectus.

Effective June 29, 2026, the SEC increased the net-worth threshold for "qualified clients" from $2,200,000 to $2,700,000 and the assets-under-management threshold for "qualified clients" from $1,100,000 to $1,400,000. The increases in the thresholds are not retroactive. Current shareholders of the Fund wishing to increase their Fund holdings will generally not have to meet the updated thresholds. For any questions regarding your eligibility, please contact your broker, dealer or other financial intermediary.

Accordingly, all references to "Qualified Investors" in the Prospectus shall mean:

U.S. investors who certify to the Fund or its agents that they have a net worth (in the case of a natural person, either as an individual or with assets held jointly with a spouse) of more than $2.7 million, excluding the value of the primary residence of such person as an asset, and, as a liability, certain debt, or portions thereof, secured by such property, or otherwise meet the definition of a "qualified client" under Rule 205-3 promulgated under the Investment Advisers Act of 1940, as amended.

ACAP Strategic Fund published this content on June 02, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on June 02, 2026 at 12:00 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]