M&A/Shareholder vote/2026/Modern Capital Tactical Income Fund
Modern Capital Tactical Income Fund
Trailmark Series Trust is buying Modern Capital Tactical Income Fund, paying holders in stock, expected to close Nov 30, 2026. A mutual fund that tactically invests in closed-end funds, stocks, ETFs, ADRs and debt instruments to provide income and capital gains.
Holders get
Stock
shares of the New Fund equal to the number of shares of the Existing Fund then outstanding
Deal value
Not given
Expected close
Nov 30, 2026
Status
Pending
Checked
See the filing →
Filed
What has happened
Holders sent the terms and a meeting date
What must happen first
shareholder approval of the Existing Fund
tax opinion that the Reorganization qualifies as a reorganization under Section 368(a)(1)(F) of the Internal Revenue Code
both the Existing Fund and the New Fund receiving the necessary documents to transfer the Existing Fund's assets and liabilities in exchange for shares of the New Fund
The board says
The Board of Trustees unanimously recommends that shareholders vote FOR the Reorganization.