Supplement dated June 30, 2023
to the Prospectus and Summary Prospectus, each as
supplemented, of the following fund:
Fund
|
Prospectus
and Summary Prospectus Dated |
Columbia
Funds Series Trust I |
|
Multi-Manager
Alternative Strategies Fund |
1/1/2023
|
On June 22, 2023, the Fund's Board
of Trustees approved the termination of Water Island Capital, LLC (Water Island) to manage a portion of the Fund's assets, effective on or about August 25, 2023 (the Effective Date). Accordingly, on the Effective Date, all references to Water
Island are hereby deleted from the Fund's prospectus and summary prospectus.
Shareholders should retain this Supplement for future
reference.