Tortoise to Close Tortoise Cloud Infrastructure Fund (TCLD)

The Board of Trustees of Managed Portfolio Series has determined to close and liquidate the Tortoise Cloud Infrastructure Fund (Cboe BZX: TCLD). After the close of business on Dec. 30, 2019, the fund will no longer accept orders for new creation units. Trading in shares of the fund will be halted prior to market open on Dec. 31, 2019. Proceeds of the liquidation will be sent to shareholders promptly after Dec. 31, 2019. Prior to Dec.31, 2019, shareholders may only be able to sell their shares to certain broker-dealers, and there is no assurance that there will be a market for the fund’s shares during that time period. Customary brokerage charges may apply to such transactions. The fund will liquidate immediately after the close of business on Dec. 31, 2019.