# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001398344-26-000555
**Filing Date:** 2026-1
**Character Count:** 3746
**Document Hash:** ed4b9df205cdb1dd469a3d515e8949c9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-26-000555.hdr.sgml**: 20260112

**ACCESSION NUMBER**: 0001398344-26-000555

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 14

**FILED AS OF DATE**: 20260112

**DATE AS OF CHANGE**: 20260112

**EFFECTIVENESS DATE**: 20260112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Investment Managers Series Trust
- **CENTRAL INDEX KEY:** 0001318342

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-122901
- **FILM NUMBER:** 26525553

**BUSINESS ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 626-914-4141

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Claymore Trust
- **DATE OF NAME CHANGE:** 20050603

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Claymore Equity Trust
- **DATE OF NAME CHANGE:** 20050218

## Series and Classes Contracts Data

### Bahl & Gaynor Income Growth Fund (Series ID: S000037608)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | AFNAX         | C000116044 |
| Class C    | AFYCX         | C000116045 |
| Class I    | AFNIX         | C000116046 |

---

## Series and Classes Contracts Data

### Bahl & Gaynor Income Growth Fund (Series ID: S000037608)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000116044 | Class A      | AFNAX           |
| C000116045 | Class C      | AFYCX           |
| C000116046 | Class I      | AFNIX           |

?xml version='1.0' encoding='ASCII'?

**Bahl & Gaynor Income Growth Fund**

Class A (Ticker Symbol: AFNAX)

Class C (Ticker Symbol: AFYCX)

Class I (Ticker Symbol: AFNIX)

 

*a series of the Investment Managers Series Trust (the "Trust")*

 ****

**Supplement dated January 12, 2026, to the currently effective**

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

**Summary Prospectus.**

**<u>Important Notice Regarding Class A and Class C Shares</u>**

Upon the recommendation of Bahl & Gaynor, Inc., the investment advisor of the Bahl & Gaynor Income Growth Fund (the "Fund"), the Board of Trustees of the Trust has approved the conversion of the Fund's Class A and Class C shares into the Fund's Class I shares and the subsequent termination of the Fund's Class A and Class C shares. Effective immediately, the Class A and Class C shares will be closed to all new investments. The Fund's Class A and Class C shares will be converted into Class I shares, and in effect, terminated on March 17, 2026 (the "Effective Date"). Accordingly, as of the Effective Date, all references to the Fund's Class A and Class C shares in the Prospectus, SAI and Summary Prospectus will be deleted in their entirety. Shareholders converted into Class I shares will not be subject to any applicable short-term redemption fee or contingent deferred sales charge fee. Class I shares of the Fund have a similar fee structure as Class A and Class C shares, except that Class I shares are not subject to sales charges or Rule 12b-1 distribution and service fees.

As previously communicated, the Board of Trustees of the Trust has approved the reorganization of the Fund into the Bahl & Gaynor Income Growth ETF, a series of ETF Series Solutions. If approved by Fund shareholders, the reorganization is currently targeted for completion in the first quarter of 2026. The conversion of the Class A and Class C shares into Class I shares will occur prior to the reorganization.

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

 ****