# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001398344-23-003530
**Filing Date:** 2023-2
**Character Count:** 2524
**Document Hash:** a9bccee0d1138f0e0192925bc3d732c8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-23-003530.hdr.sgml**: 20230215

**ACCESSION NUMBER**: 0001398344-23-003530

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230215

**DATE AS OF CHANGE**: 20230215

**EFFECTIVENESS DATE**: 20230215

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Investment Managers Series Trust II
- **CENTRAL INDEX KEY:** 0001587982
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-191476
- **FILM NUMBER:** 23635087

**BUSINESS ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 414-299-2295

**MAIL ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212

## Series and Classes Contracts Data

### First Trust Merger Arbitrage Fund (Series ID: S000048195)

---

|  |  |  |
|:---|:---|:---|
| Class Name     | Ticker Symbol | Class ID   |
| Class A Shares | VARAX         | C000152358 |
| Class I Shares | VARBX         | C000152359 |

---

## Series and Classes Contracts Data

### First Trust Merger Arbitrage Fund (Series ID: S000048195)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000152358 | Class A Shares | VARAX           |
| C000152359 | Class I Shares | VARBX           |

**First Trust Merger Arbitrage Fund**

Class A Shares – VARAX

Class I Shares – VARBX

*A series of Investment Managers Series Trust II (the "Trust")*

**Supplement dated February 15, 2023, to the**

**Prospectus and Statement of Additional Information ("SAI")**

**dated February 1, 2023.**

Effective February 15, 2023 (the "Effective Date"), Jeff O'Brien will no longer serve as a portfolio manager of the First Trust Merger Arbitrage Fund (the "Fund"). Mr. O'Brien's departure follows the long-term succession plan of First Trust Capital Management L.P. ("FTCM"), the Fund's investment advisor. Accordingly, as of the Effective Date, all references in the Prospectus and SAI to Mr. O'Brien as a portfolio manager of the Fund are hereby deleted. The Fund will continue to be managed by an FTCM investment team led by portfolio manager Daniel Lancz. Mr. Lancz has been a portfolio manager of the Fund since its inception in October 2015. In addition, Mr. Lancz was a portfolio manager of the Fund's predecessor fund from 2004 until its reorganization into the Fund in October 2015.

***Please retain this Supplement with your records.***