23 February 2016

Milwaukee, Wisconsin. On February 22, 2016, the Board of Directors of Artisan Partners Funds, Inc. approved a plan to reorganize Artisan Small Cap Value Fund into Artisan Mid Cap Value Fund. Both funds are managed by Artisan Partners U.S. Value Team, which uses the same investment philosophy and process to manage each. The reorganization is expected to close on or about May 23, 2016. After the reorganization is completed, Artisan Small Cap Value Fund will be liquidated and terminated. Artisan Mid Cap Value Fund will continue to be managed by the U.S. Value Team, which also manages Artisan Value Fund.

On the closing date, holders of Investor Shares and Institutional Shares of Artisan Small Cap Value Fund (ARTVX, APHVX) will receive a number of Investor Shares or Institutional Shares, as applicable, of Artisan Mid Cap Value Fund (ARTQX, APHQX) equal in value to the net asset value of their shares of Artisan Small Cap Value Fund. Artisan Small Cap Value Fund shareholders will receive a prospectus and information statement describing the reorganization in more detail, though no action by shareholders will be required in connection with the completion of the reorganization, which should be treated as a tax-free reorganization for U.S. federal income tax purposes.

 

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