Investors should consider the investment objectives, risks, and charges and expenses of the Funds before investing. The prospectus contains this and other information about the Fund and should be read carefully before investing. The prospectus may be obtained at flatrockglobal.com. Investing involves risk, including loss of principal.

The funds are distributed by Ultimus Fund distributors, LLC.

Risk: The Fund is suitable for investors who can bear the risks associated with the Fund’s limited liquidity and should be viewed as a long-term investment. Our shares have no history of public trading, nor is it intended that our shares will be listed on a national securities exchange at this time, if ever. Investing involves risk, including loss of principal. The value of the fund’s shares, when redeemed, may be worth more or less than their original cost.