X0101 EFFECT 33 LIVE 2020-01-23 13:00:00

N-14

0001750821 North Square Investments Trust 333-235497 0001750821 North Square Investments Trust S000067944 North Square Advisory Research All Cap Value Fund C000217840 Class I 0001318342 Investment Managers Series Trust S000026081 Advisory Research All Cap Value Fund C000078166 Advisory Research All Cap Value Fund 0001750821 North Square Investments Trust S000067945 North Square Strategic Income Fund C000217842 Class I 0001318342 Investment Managers Series Trust S000039509 Advisory Research Strategic Income Fund C000121689 Advisory Research Strategic Income Fund