12/15/2025 | Press release | Distributed by Public on 12/15/2025 10:43
Bramshill Multi-Strategy Income Fund
Class A Shares (BDKAX)
Class C Shares (BDKCX)
Class T Shares (BDKDX)
Institutional Class Shares (BDKNX)
A series of Investment Managers Series Trust (the "Trust")
Supplement dated December 15, 2025, to the currently effective
Prospectus, Statement of Additional Information ("SAI")
and Summary Prospectus
Important Notice Regarding Class T Shares
Based upon the recommendation of Liberty Street Advisors, Inc., the investment advisor to the Bramshill Multi-Strategy Income Fund (the "Fund"), the Board of Trustees of the Trust has approved the termination of the Fund's Class T Shares, effective immediately. As a result, effective immediately, all references to the Fund's Class T Shares in the Prospectus, SAI and Summary Prospectus are deleted in their entirety. The Fund does not currently offer Class T Shares.
Changes to the Fund's Ticker Symbols
In addition, effective January 2, 2026 (the "Effective Date"), the Fund's ticker symbols will change as set forth in the table below. As a result, as of the Effective Date, all references to the Fund's ticker symbols in the Prospectus, SAI and Summary Prospectus will be updated accordingly.
| Share Class | Current Ticker Symbol | New Ticker Symbol |
| Class A Shares | BDKAX | BRLAX |
| Class C Shares | BDKCX | BRLCX |
| Institutional Class Shares | BDKNX | BRLMX |
Please file this Supplement with your records.