0001587982 2026-09-15 2026-09-15 0001587982 ck0001587982:S000047911Member 2026-09-15 2026-09-15 0001587982 ck0001587982:S000055968Member 2026-09-15 2026-09-15 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><b>ACR Opportunity Fund </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; ">Class I Shares (Ticker Symbol: ACROX)</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><i>Each a series (the “Funds”) of Investment Managers Series Trust II</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><b>Supplement dated September 15, 2026, to the</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><b>Prospectus, Statement of Additional Information, </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><b>and Summary Prospectuses, each dated March 31, 2026.</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Effective immediately, the Funds’ new website is <span style="color: Blue"><span style="text-decoration:underline">https://acr-invest.com/</span></span>. Fund specific information can be accessed at the Funds’ new website.</p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><i>Please retain this Supplement with your records.</i></b></p> ACR Opportunity Fund <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><b>ACR Equity International Fund </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; ">Class I Shares (Ticker Symbol: ACREX)</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><i>Each a series (the “Funds”) of Investment Managers Series Trust II</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><b>Supplement dated September 15, 2026, to the</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><b>Prospectus, Statement of Additional Information, </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><b>and Summary Prospectuses, each dated March 31, 2026.</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Effective immediately, the Funds’ new website is <span style="color: Blue"><span style="text-decoration:underline">https://acr-invest.com/</span></span>. Fund specific information can be accessed at the Funds’ new website.</p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><i>Please retain this Supplement with your records.</i></b></p> ACR Equity International Fund Investment Managers Series Trust II 497 N-1A 0001587982 false 2026-09-15 2026-09-15