0000931491 2026-09-04 2026-09-04 0000931491 cmit:S000010456Member 2026-09-04 2026-09-04 0000931491 cmit:S000010456Member cmit:C000028882Member 2026-09-04 2026-09-04 iso4217:USD pure false 497 0000931491 N-1A 0000931491 Capital Management Investment Trust WELLINGTON SHIELDS ALL-CAP FUND INSTITUTIONAL SHARES – Ticker Symbol WSACX Supplement dated September 4, 2026 To the Summary Prospectus, Prospectus and Statement of Additional Information dated March 27, 2026, as supplemented from time to time Important Notice Regarding the New Investment Adviser On August 28, 2026, the shareholders of the Wellington Shields All-Cap Fund, a series of Capital Management Investment Trust (the “Trust”), approved a new investment advisory agreement (the “New Advisory Agreement”) between the Trust and Wellington Shields Capital Management, LLC (“WSCM”), the proposed new investment adviser, on behalf of the Fund. The “New Advisory Agreement” has a lower advisory fee than the current investment advisory agreement (“Current Agreement”), but otherwise there are no material differences between the agreements. In connection with the execution of the New Advisory Agreement between the Trust and WSCM, a new Expense Limitation Agreement was executed by WSCM on behalf of the Fund, whereby WSCM has contractually agreed, until March 31, 2028, to continue reducing its management fees and to pay the Fund’s ordinary operating expenses to the extent necessary to limit Annual Fund Operating Expenses to an amount not exceeding 1.25% of the Fund’s average daily net assets. Effective immediately, the section titled “Fees and Expenses of the Fund – Annual Fund Operating Expenses” of the summary section of the Fund’s Prospectus is hereby deleted in its entirety and replaced with the following information: Capital Management Investment Trust 2026-09-04 2026-03-27 Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment) 0.0090 0 0.0029 0.0003 0.0122 Expense Example. This Example is intended to help you compare the cost of investing in the All-Cap Fund with the cost of investing in other mutual funds. This expense example assumes that you invest $10,000 in the All-Cap Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The expense example also assumes that your investment has a 5% return each year and the All-Cap Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on the assumptions your cost would be: 124 387 670 1477