SCHEDULE 14A INFORMATION

PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES
EXCHANGE ACT OF 1934

Filed by the Registrant ☑
Filed by a Party other than the Registrant ☐

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☐	Preliminary Proxy Statement

☐	Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

☐	Definitive Proxy Statement

☑	Definitive Additional Materials

☐	Soliciting Material Pursuant to §240.14a-12

INVESTMENT MANAGERS SERIES TRUST

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BAHL & GAYNOR INCOME GROWTH FUND

INBOUND LINE MESSAGING

INBOUND - CLOSED RECORDING

Thank you for calling the Bahl and Gaynor Income Growth Fund proxy voting line. Our offices are currently closed. Please call us back during our normal business hours, which are, Monday through Friday, 10:00 a.m. to 11:00 p.m. Eastern time. Thank you and have a nice day.

INBOUND - CALL IN QUEUE MESSAGE

Thank you for calling the Bahl and Gaynor Income Growth Fund proxy voting line. Your call is very important to us and one of our proxy specialists will be with you shortly. Please remain on the line and your call will be answered in the order in which it was received.

END OF CAMPAIGN MESSAGE*

Thank you for calling the Bahl and Gaynor Income Growth Fund proxy voting line. The Special Meeting of Shareholders scheduled for June 11, 2024 has concluded. As a result, this toll-free number is no longer in service for proxy related calls. If you have questions about your investment in the Bahl & Gaynor Income Growth Fund, please contact your Financial Advisor or contact the Fund in care of UMB Fund Services at 1-833-472-2140. Thank you.

*Please note that the End Of Campaign Message will not be applied until MSFS has provided internal instructions to do so.

Hello, my name is (CSR FULL NAME).

May I please speak with (SHAREHOLDER’S FULL NAME)?

(Repeat the greeting if necessary)

I am calling on a recorded line regarding your current investment in the BAHL AND GAYNOR INCOME GROWTH FUND. Materials were sent to you for the upcoming Special Meeting of Shareholders scheduled to take place on June 11, 2024 and at this time we have not yet received your vote. The Board of Trustees is recommending a vote IN FAVOR of the proposal. Would you like to vote along with their recommendation?

(Pause for shareholder’s response)

If YES or a positive response from the shareholder:

If we identify any additional accounts you own prior to this meeting, would you like to vote those accounts in the same manner as you have voted with me today?

(Pause for shareholder’s response)

(Proceed to confirming the vote with the shareholder)

If NO, a negative response from the shareholder, or a shareholder has not received the information:

Shareholders are being asked to approve a new investment advisory agreement between Investment Managers Series Trust, on behalf of the Bahl and Gaynor Income Growth Fund, and Bahl and Gaynor, Inc.

The Board of Trustees is recommending a vote IN FAVOR of the proposal. Would you like to vote along with their recommendation?

(Pause for shareholder’s response and answer questions they might have)

If a shareholder still chooses not to vote:

I understand you do not wish to vote at this time. Thank you and have a good day.

Shareholder Not Available:

We can be reached toll-free at 1-833-876-2453, Monday through Friday between the hours of 10:00AM and 11:00PM Eastern time. Your time today is appreciated. Thank you and have a good day.

Confirming the vote with the shareholder:

I am recording your vote (recap voting instructions for THE proposalS).

For confirmation purposes please state your full name.

(Pause for shareholder’s response)

According to our records, you reside in (city, state, zip code).

(Pause for shareholder’s response)

To ensure that we have the correct address for the letter confirming your vote, please state your street address.

(Pause for shareholder’s response)

Thank you. You will receive written confirmation of this vote within 3 to 5 business days. Upon receipt, please review and retain for your records. If you should have any questions, please call the toll-free number listed in the letter. Your vote is important and your time today is appreciated. Thank you and have a good (morning, afternoon, evening).


FOR MSFS and DA PURPOSES ONLY	Updated: 4/19/2024

Hello.

I am calling on behalf of your current investment in the BAHL AND GAYNOR INCOME GROWTH FUND.

The Special Meeting of Shareholders is scheduled to take place on June 11, 2024 All shareholders are being asked to consider and vote on an important matter. As of today your vote has not been registered.

Your vote is important.

Please contact us as soon as possible, toll-free at 1-833-876-2453, Monday through Friday between the hours of 10:00AM and 11:00PM Eastern time to cast your vote.

Thank you and have a good day.


FOR MSFS and DA PURPOSES ONLY	Updated: 4/19/2024