UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

(Rule 14a-101)

INFORMATION REQUIRED IN A PROXY STATEMENT

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934, as amended

Filed by the Registrant [X]

Filed by a Party other than the Registrant [ ]

Check the appropriate box:

THE ADVISORS’ INNER CIRCLE FUND III
(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

KNIGHTS OF COLUMBUS REAL ESTATE FUND

a series of

THE ADVISORS’ INNER CIRCLE FUND III

One Freedom Valley Drive
Oaks, Pennsylvania 19456

Dear Shareholder:

Enclosed is a notice, proxy statement and proxy card for a Special Meeting of Shareholders (the “Meeting”) of the Knights of Columbus Real Estate Fund (the “Fund”), a series of The Advisors’ Inner Circle Fund III (the “Trust”). The Meeting is scheduled to be held at 10:00 a.m., Eastern Time, on Thursday, May 30, 2024, at the offices of SEI Investments Company, One Freedom Drive, Oaks, PA 19456. If you are a shareholder of record of the Fund as of the close of business on March 27, 2024, you are entitled to vote at the Meeting, and any adjournment or postponement of the Meeting. The enclosed proxy materials are first being mailed to shareholders on or about April 29, 2024.

At the Meeting, shareholders of the Fund will be asked to approve a change in the Fund’s classification under the Investment Company Act of 1940, as amended, from “diversified” to “non-diversified” and to eliminate the Fund’s related fundamental investment policy (the “Proposal”).

The Board of Trustees of the Trust has unanimously approved the Proposal and recommends that you vote “FOR” the Proposal as further described in the enclosed proxy statement.

Your vote is important to us. Please review the enclosed proxy statement and vote your shares today. We have enclosed a proxy card that we ask you to complete, sign, date, and return as soon as possible, unless you plan to attend the Meeting and vote. You may also vote your shares by telephone or through the Internet. Please follow the enclosed instructions to utilize any of these voting methods.

If we do not receive your vote promptly, you may be contacted by a representative of the Fund, who will remind you to vote your shares.

Thank you for your attention and consideration of this important Proposal and for your investment in the Fund. If you need additional voting information, please call shareholder services at 1-844-KC-FUNDS (1-844-523-8637).

Sincerely,

Michael Beattie
President

PROMPT EXECUTION AND RETURN OF THE ENCLOSED PROXY CARD IS REQUESTED. A SELF-ADDRESSED, POSTAGE-PAID ENVELOPE IS ENCLOSED FOR YOUR CONVENIENCE, ALONG WITH INSTRUCTIONS ON HOW TO VOTE OVER THE INTERNET OR BY TELEPHONE, SHOULD YOU PREFER TO VOTE BY ONE OF THOSE METHODS.

KNIGHTS OF COLUMBUS REAL ESTATE FUND

a series of

THE ADVISORS’ INNER CIRCLE FUND III

One Freedom Valley Drive
Oaks, Pennsylvania 19456

NOTICE OF SPECIAL MEETING OF SHAREHOLDERS
TO BE HELD ON MAY 30, 2024

Notice is hereby given that a Special Meeting of Shareholders (the “Meeting”) of the Knights of Columbus Real Estate Fund (the “Fund”), a series of The Advisors’ Inner Circle Fund III (the “Trust”), will be held on Thursday, May 30, 2024 at 10:00 a.m. Eastern Time, at the offices of SEI Investments Company, One Freedom Valley Drive, Oaks, PA 19456.

At the Meeting, shareholders of record of the Fund (“Shareholders”) will be asked to approve a change in the Fund’s classification under the Investment Company Act of 1940, as amended, from “diversified” to “non-diversified” and to eliminate the Fund’s related fundamental investment policy, and to transact such other business, if any, as may properly come before the Meeting.

All Shareholders are cordially invited to attend the Meeting and vote. However, if you are unable to attend the Meeting, you are requested to mark, sign and date the enclosed proxy card and return it promptly in the enclosed, postage-paid envelope so that it is received before the Meeting is called to order, the Meeting may be held and a maximum number of shares may be voted. In addition, you can vote easily and quickly by Internet or by telephone. Your vote is important no matter how many shares you own. You may change your vote even though a proxy has already been returned by providing written notice to the Trust, by submitting a subsequent proxy using the mail, by Internet, by telephone or by voting at the Meeting.

Shareholders of record of the Fund at the close of business on March 27, 2024 are entitled to notice of and to vote at the Meeting or any adjournment or postponement thereof.

Important Notice Regarding the Availability of Proxy Materials for the
Shareholder Meeting To Be Held on May 30, 2024.

The proxy statement is available on the Internet at https://vote.proxyonline.com/AIC/docs/kocspecial2024.pdf.

KNIGHTS OF COLUMBUS REAL ESTATE FUND

a series of

THE ADVISORS’ INNER CIRCLE FUND III

One Freedom Valley Drive
Oaks, Pennsylvania 19456

PROXY STATEMENT
SPECIAL MEETING OF SHAREHOLDERS
TO BE HELD ON MAY 30, 2024

This proxy statement is furnished in connection with the solicitation of proxies by the Board of Trustees of The Advisors’ Inner Circle Fund III (the “Trust”) for use at the Special Meeting of Shareholders of Knights of Columbus Real Estate Fund (the “Fund”) to be held at the offices of SEI Investments Company, One Freedom Valley Drive, Oaks, PA 19456 on Thursday, May 30, 2024 at 10:00 a.m. Eastern Time and at any adjourned or postponed session thereof (such special meeting and any adjournment or postponement thereof are hereinafter referred to as the “Meeting”). Shareholders of record of the Fund at the close of business on March 27, 2024 (the “Record Date”) are entitled to notice of, and to vote at, the Meeting. This proxy statement and the accompanying notice of special meeting and proxy card are first being mailed to shareholders on or about April 29, 2024.

The Trust currently offers two classes of shares of beneficial interest of the Fund (“Shares”): I Shares and Class S Shares. Each full Share will be entitled to one vote at the Meeting and each fraction of a Share will be entitled to the fraction of a vote equal to the proportion of a full Share represented by the fractional Share. As of the Record Date, the Fund had the following Shares issued and outstanding:

The Fund will pay all expenses related to conducting this proxy, including, but not limited to, preparation, printing, and mailing of this proxy statement and its enclosures, legal fees, and solicitation costs.

In this proxy statement, the term “Board” refers to the Board of Trustees of the Trust, and the term “Trustee” refers to each trustee of the Trust. A Trustee who is not an “interested person” of the Trust, as defined in the Investment Company Act of 1940, as amended (the “1940 Act”), is referred to in this proxy statement as an “Independent Trustee.” The Advisors’ Inner Circle Fund III is referred to in this proxy statement as the “Trust.” The Knights of Columbus Real Estate Fund is referred to in this proxy statement as the “Fund.”

PROPOSAL: TO APPROVE A CHANGE IN THE FUND’S CLASSIFICATION UNDER THE 1940 ACT FROM “DIVERSIFIED” TO “NON-DIVERSIFIED” AND TO ELIMINATE THE FUND’S RELATED FUNDAMENTAL INVESTMENT POLICY

It is proposed that shareholders of the Fund approve a change in the Fund’s classification under the 1940 Act from “diversified” to “non-diversified” and the elimination of the Fund’s related fundamental investment policy. A change in the Fund’s classification from “diversified” to “non-diversified” requires shareholder approval under the 1940 Act.

Under the 1940 Act, a mutual fund is classified as “diversified” or “non-diversified,” which classification governs the fund’s ownership of securities of issuers. The Fund currently is classified as a diversified fund for purposes of the 1940 Act and has adopted a related fundamental investment policy, which prohibits the Fund from making any investment inconsistent with the Fund’s classification as a “diversified” fund. As a “diversified” fund, the Fund may not, with respect to 75% of the Fund’s total assets, purchase securities of any issuer (other than obligations of, or guaranteed by, the U.S. government or its agencies, or instrumentalities or securities of other investment companies) if, as a result, more than 5% of the Fund’s total assets would be invested in the securities of that issuer, or more than 10% of the issuer’s voting securities would be held by the Fund. Pursuant to the Fund’s “diversified” classification, the Fund is currently limited in its ownership of securities of any single issuer.

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Following the recommendation of the Fund’s investment adviser, Knights of Columbus Asset Advisors LLC (the “Adviser”), the Board has approved both a change to the Fund’s classification under the 1940 Act to “non-diversified” and a change to the Fund’s related fundamental investment policy, subject to the approval of the Fund’s shareholders. This fundamental investment policy, which may be changed only with shareholder approval, currently provides:

“[The] Fund may not purchase securities of an issuer that would cause the Fund to fail to satisfy the diversification requirement for a diversified management company under the 1940 Act, the rules or regulations thereunder or any exemption therefrom, as such statute, rules or regulations may be amended or interpreted from time to time.”

If the Fund’s shareholders approve the Proposal to change the Fund’s classification to “non-diversified”, the Fund’s related fundamental investment policy will be eliminated. No material changes to the manner or process by which the Fund is managed are expected if the Proposal is approved.

The Adviser believes that changing the Fund’s classification to “non-diversified” is in the best interests of the Fund and its shareholders because this non-diversification classification provides the Fund’s portfolio managers additional flexibility in implementing the Fund’s investment strategy following the recent change in the Fund’s primary benchmark index while remaining compliant with the limits of the 1940 Act. The Fund’s primary benchmark index recently changed from the FTSE NAREIT Equity REITs Index to the Bloomberg US 3000 REIT Total Return Index (the “Index”). The Index is a float-adjusted, market-cap-weighted equity benchmark which includes those REITs that are members of the Bloomberg US 3000 Index. It includes the largest publicly traded US REITs with a sub-industry classification of “REIT” under the Bloomberg Industry Classification Standard, which does not include those classified as Mortgage REITs.

The Adviser determined that changing the Fund’s primary benchmark index from the FTSE NAREIT Equity REITs Index to the Index better reflects the Fund Adviser’s investment style. The Adviser believes the Index is a more-appropriate benchmark for the Fund primarily because the Index more closely aligns with the investment approach of the Fund and will lead to more-accurate comparisons of the Fund’s active and passive performance, which, in turn, will allow investors to better assess the Fund’s value proposition.

As of the date of this proxy statement, three (3) Index constituents each represent more than 5% of the Index, and at times, have represented approximately 23.5% of the Index in the aggregate. Currently, due to the representative weight of these constituents in the Index, the Fund is limited in its ability to invest in these constituents in a percentage weight that is greater than the corresponding Index percentage weight because of the Fund’s “diversified” classification. Additionally, if these large Index constituents grow to become a larger percentage of the Index, the Fund may not be able to invest in those constituents in similar proportions as the Index. Although the Fund is not an index fund, the Fund does select securities from the Index’s universe and the Fund’s performance is measured against the Index. The Adviser believes changing the Fund’s status to “non-diversified” would allow the Fund’s portfolio managers to implement the Fund’s investment strategy more effectively by providing the portfolio managers enhanced flexibility to invest a greater portion of the Fund’s assets in one or more of these large Index constituents, if desired for investment purposes pursuant to the Adviser’s investment process. The Adviser believes this enhanced flexibility would allow the Fund to continue to grow unconstrained by the diversification limits. The Adviser does not currently expect that the change in the Fund’s classification will result in a significant change in the portfolio composition of the Fund. The Adviser also does not expect any adverse tax consequences as a result of the Proposal.

On or before July 24, 2024, the Fund will begin to use a different index (the “Tailored Shareholder Report Benchmark”) as the Fund’s primary performance benchmark, and the Index will become the Fund’s secondary performance benchmark pursuant to applicable Securities and Exchange Commission rules and regulations. The Adviser believes that the Fund’s non-diversified status will continue to be beneficial after the new Tailored Shareholder Report Benchmark is used as the primary benchmark for the Fund because the Adviser still expects to consider the comparison to the Index as appropriate for diversification purposes even though the Index will be used as a secondary performance benchmark.

If the shareholders approve the Proposal, the Fund may be subject to additional investment risks. As a “non-diversified” fund, the Fund would be permitted to invest a greater portion of its assets in a single issuer or small group of issuers than a “diversified” fund. “Non-diversified” funds typically hold fewer securities than “diversified” funds do. Consequently, the change in value of any one security may affect the overall value of a “non-diversified” portfolio more than it would a “diversified” portfolio. A “non-diversified” fund, therefore, is more susceptible to adverse developments affecting any single issuer held in the fund’s portfolio than a “diversified” fund, and may be more susceptible to greater losses because of these developments. In addition, concentrated ownership of issuers may make the Fund more susceptible to economic, business, political, or other factors affecting the issuers in which the Fund invests.

Although the Fund no longer would be subject to the 1940 Act diversification requirements, if the shareholders of the Fund approve the Proposal at the Meeting, the Fund intends to continue to comply with the federal tax diversification requirements under Subchapter M of the Internal Revenue Code (“IRC”). For purposes of the IRC, the Fund operates as a “regulated investment company.” As a regulated investment company under the IRC, the Fund must diversify its holdings so that, in general, at the end of

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each quarter of the Fund’s taxable year, (i) not more than 25% of the Fund’s total assets will be invested in the securities of a single issuer and (ii) with respect to at least 50% of the Fund’s total assets, not more than 5% of the Fund’s total assets will be invested in the securities of a single issuer and the Fund will not own more than 10% of the outstanding voting securities of a single issuer.

A “non-diversified fund” from time to time temporarily may operate in a “diversified” manner without losing the fund’s “non-diversified” status. As a result, at times, the Fund may not take advantage of the greater flexibility afforded to a “non-diversified” fund.

At a meeting held on March 27, 2024, the Board considered the recommendation of the Adviser to change the Fund’s classification to “non-diversified” and to eliminate the Fund’s related fundamental investment policy. The Board considered all relevant factors, including the potential impact on the Fund and the Fund’s risk profile and the estimated costs associated with seeking shareholder approval of the proposed change for the Fund. Based on the Board’s consideration of these matters, including the Adviser’s recommendation, the Board unanimously approved the change in the Fund’s classification from “diversified” to “non-diversified” and the elimination of the Fund’s related fundamental investment policy.

REQUIRED VOTE

Approval of the Proposal requires the affirmative vote of a “majority of the outstanding shares” of the Fund. A “majority of the outstanding shares” means the vote of (i) 67% or more of the Fund’s shares present at a meeting, if more than 50% of the outstanding shares of the Fund are present or represented by proxy, or (ii) more than 50% of the Fund’s outstanding shares, whichever is less.

If shareholders of the Fund approve the Proposal, the change in the Fund’s classification from “diversified” to “non-diversified” will become effective when the Fund’s registration statement is revised or supplemented to reflect the approval of the Proposal. If shareholders of the Fund do not approve the Proposal, the Fund will continue to be a diversified fund and remain subject to the related fundamental investment policy.

VOTING AUTHORITY OF KNIGHTS OF COLUMBUS

The Adviser is a wholly-owned subsidiary of Knights of Columbus, a fraternal benefit society organized under the laws of the State of Connecticut. The Adviser is responsible for the day-to-day management of one or more accounts or funds of Knights of Columbus, including its proprietary general account investment portfolio (the “Accounts”).

The Accounts have authorized Knights of Columbus to vote proxies on their behalf. Accordingly, Knights of Columbus has the authority to vote, on behalf of the Accounts, the shares of the Fund held by the Accounts. Knights of Columbus will vote any shares of the Fund over which Knights of Columbus has voting authority consistent with Knights of Columbus’ proxy voting process. Pursuant to its process, Knights of Columbus convened a meeting of its Executive and Finance Committee (the “Committee”) for the purpose of reviewing and resolving any apparent or potential conflicts of interest. The Committee consists of various leaders of Knights of Columbus, including the Adviser’s President/Chief Investment Officer. At its meeting, the Committee determined, after reviewing all relevant information, that there are no material conflicts of interest that arise with respect to Knights of Columbus voting on the Proposal, and that the proxies with respect to the shares of the Fund held by Accounts shall be voted FOR the approval of the Proposal. In reaching its conclusion, the Committee considered a number of factors. A summary of the material factors considered by the Committee, in connection with the Committee’s determination that the Proposal does not raise any material conflicts of interest, is set forth below.

The Committee considered the Board’s considerations and conclusions with respect to approving the Proposal. The Committee also considered the potential benefits to shareholders if the Proposal is approved. In this regard, the Committee considered that changing the Fund’s classification, among other things, will allow the Adviser to more effectively implement the Fund’s investment strategy by giving the portfolio managers greater flexibility to manage the Fund in line with the Fund’s benchmark Index. The Committee considered that the Adviser’s recommendation in part was driven by the Index being concentrated in certain issuers and that the Adviser has no control over the composition or weighting of the Index. In addition, the Committee considered that the reclassification is not expected to result in any significant repositioning of the Fund’s portfolio and, therefore, that the Fund is not expected to incur material portfolio transaction costs as a result of the classification. The Committee further considered that the reclassification will not change the Fund’s investment objective or principal strategies and is not expected materially to impact the manner or process by which the Fund is managed. The Committee considered that, while the Fund’s operation as a non-diversified fund may involve additional investment risk, the Fund intends to continue to comply with federal tax diversification requirements under Subchapter M of the IRC. Following careful analysis and consideration of all relevant factors, including those summarized above, the Committee concluded that the change in the Fund’s classification from “diversified” to “non-diversified” and the elimination of the Fund’s related fundamental investment policy are in the best interests of the Fund and its shareholders.

As of the Record Date, Knights of Columbus, on behalf of the Accounts, was believed to possess voting authority with respect to approximately 66.3% of the outstanding shares of the Fund.

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THE BOARD OF TRUSTEES, INCLUDING THE INDEPENDENT TRUSTEES, UNANIMOUSLY RECOMMENDS THAT SHAREHOLDERS VOTE “FOR” THE CHANGE IN THE FUND’S CLASSIFICATION FROM “DIVERSIFIED” TO “NON-DIVERSIFIED” AND THE ELIMINATION OF THE FUND’S RELATED FUNDAMENTAL INVESTMENT POLICY.

ADDITIONAL INFORMATION

OWNERSHIP OF THE FUND

As of the Record Date, the following persons owned of record, or were known by the Trust to own beneficially, 5% or more of the shares of a class of the Fund. As of the Record Date, the Trustees and officers of the Fund, together as a group, beneficially owned less than 1% of the Fund’s outstanding shares.

I Shares

The information as to beneficial ownership is based on statements furnished to the Fund by the Trustees, and/or on the records of the Trust’s transfer agent.

SERVICE PROVIDERS

The Adviser is located at One Columbus Plaza, New Haven, Connecticut 06510.

SEI Investments Distribution Co., the Distributor, and SEI Investments Global Funds Services, the Administrator, are located at One Freedom Valley Drive, Oaks, Pennsylvania 19456.

ANNUAL AND SEMI-ANNUAL REPORTS TO SHAREHOLDERS

For a free copy of the Fund’s annual report dated October 31, 2023, which covers the period from November 1, 2022 to October 31, 2023, or semi-annual report dated April 30, 2023, which covers the period from November 1, 2022 to April 30, 2023, shareholders may call 1-844-KC-FUNDS (1-844-523-8637) or write to the Fund at: Knights of Columbus Funds, P.O. Box 219009, Kansas City, MO 64121-9009 (Express Mail Address: Knights of Columbus Funds, c/o SS&C Global Investor & Distribution Solutions, Inc., 430 West 7th Street, Kansas City, MO 64105). Copies of the Fund’s annual and semi-annual reports are also available online at www.kofcassetadvisors.org.

SUBMISSION OF SHAREHOLDER PROPOSALS

The Trust is organized as a statutory trust under the laws of the State of Delaware. As such, the Trust is not required to, and does not, hold annual meetings. Nonetheless, the Board may call a special meeting of shareholders for action by shareholder vote as may be required by the 1940 Act or as required or permitted by the Declaration of Trust and By-Laws of the Trust. Shareholders of the Fund who wish to present a proposal for action at a future meeting should submit a written proposal to the Trust for inclusion in a future proxy statement. Submission of a proposal does not necessarily mean that this proposal will be included in the Fund’s proxy statement because inclusion in the proxy statement is subject to compliance with certain federal regulations. Shareholders retain the right to request that a meeting of the shareholders be held for the purpose of considering matters requiring shareholder approval.

SHAREHOLDER COMMUNICATIONS WITH TRUSTEES

Shareholders wishing to submit written communications to the Board or an individual Trustee should send their communications to Knights of Columbus Funds, c/o SEI Investments, One Freedom Valley Drive, Oaks, Pennsylvania 19456.

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VOTING, QUORUM, AND OTHER MATTERS

If you wish to participate in the Meeting, you may submit the proxy card included with this proxy statement or attend the Meeting in-person. Your vote is important no matter how many shares you own. You can vote easily and quickly by mail, by Internet, by telephone or in-person. At any time before the Meeting, you may change your vote, even though a proxy has already been returned, by written notice to the Trust or by submitting a subsequent proxy, by mail, by Internet, by telephone or by voting in person at the Meeting. Should shareholders require additional information regarding the proxy or replacement proxy cards, they may contact the Fund at 1-844-KC-FUNDS (1-844-523-8637).

The solicitation of proxies will be largely by mail, but also may include telephonic, Internet, or oral communication by officers and service providers, such as the Adviser, of the Fund, who will not be paid for these services. The Fund has also retained EQ Fund Solutions, LLC (“EQ”) and Broadridge Financial Solutions, Inc. (“Broadridge”) to aid in the solicitation of proxies. The aggregate costs of retaining EQ and Broadridge are expected to be approximately $11,000 in connection with the solicitation of proxies and the costs of printing and distributing the proxy materials.

All proxy cards that are properly executed and received in time to be voted at the Meeting will be voted at the Meeting or any adjournment or postponement thereof according to the instructions on the proxy card. If no contrary direction is given on an executed proxy card, the proxy card will be voted FOR the change in the Fund’s classification under the 1940 Act from “diversified” to “non-diversified” and to eliminate the Fund’s related fundamental investment policy.

If your shares are held of record by a broker-dealer, you still may attend the Meeting, but, if you wish to vote during the course of the Meeting, you first must obtain a “legal proxy” from the applicable nominee/record holder. We note that obtaining a legal proxy may take several days. Legal proxies must be submitted to EQ by 1:00 p.m. Eastern Time, on May 29, 2024.

The presence at the Meeting or by proxy of shareholders of the Fund holding more than thirty-three and one-third percent (33-1/3%) of the total number of votes eligible to be cast by all shareholders of the Fund as of the Record Date constitutes a quorum for the transaction of business at the Meeting. For purposes of determining the presence of a quorum, abstentions will be counted as present; however, abstentions will have the effect of a vote AGAINST the Proposal.

“Broker non-votes” are proxies from brokers or nominees indicating that these persons have not received instructions from the beneficial owners or other persons entitled to vote shares as to a particular matter with respect to which the brokers or nominees do not have discretionary power to vote. Ordinarily, broker non-votes, if any, would be counted as shares present and entitled to vote for purposes of determining whether a quorum is present, but would not be counted as a vote in favor of the Proposal.

Pursuant to certain rules promulgated by the New York Stock Exchange LLC that govern the voting by said broker-dealers, a broker-dealer holding shares of record for a beneficial owner may not exercise discretionary voting power with respect to certain non-routine matters, including the approval of a change to the fundamental investment policy as contemplated by the Proposal. Accordingly, a broker non-vote, or an abstention, if any, will be considered present for purposes of determining existence of a quorum, but will not have the effect of voting for or against the Proposal.

If a quorum is not present at the Meeting, if a quorum is present at the Meeting but sufficient votes to approve the Proposal are not received, or if other matters arise requiring shareholder attention, the persons named as proxies may propose one or more adjournments of the Meeting to permit further solicitation of proxies. Except when a quorum is not present at the Meeting, any such adjournment will require the affirmative vote of a majority of those shares present at the Meeting or represented by proxy. The persons named as proxies will vote those proxies that these persons are entitled to vote FOR such Proposal, in favor of such an adjournment, and will vote those proxies required to be voted AGAINST such Proposal, against such an adjournment. Abstentions will be counted AGAINST such proposal to adjourn. The Fund will bear the costs of any additional solicitations and any adjourned sessions.

No business other than the matter described above is expected to come before the Meeting, but should any other business properly come before the Meeting, the persons named in the enclosed proxy will vote thereon according to their best judgment in the interest of the Fund.

SHAREHOLDERS WHO DO NOT EXPECT TO BE PRESENT AT THE MEETING AND WHO WISH TO HAVE THEIR SHARES VOTED ARE REQUESTED TO VOTE BY MAIL, BY TELEPHONE OR INTERNET AS EXPLAINED IN THE INSTRUCTIONS INCLUDED ON YOUR PROXY CARD.

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