Three Brown Capital Management funds adjourn meeting, now on Nov. 30

By Toni Weeks

San Diego, Nov. 16 - The Nottingham Investment Trust II announced in a 497 filing with the Securities and Exchange Commission that the shareholder meeting scheduled for Nov. 16 concerning its Brown Capital Management Mid-Cap Fund, Brown Capital Management Small Company Fund and Brown Capital Management International Equity Fund has been adjourned until Nov. 30.

Originally, the meeting was scheduled to take place on Oct. 26. That meeting was rescheduled for Nov. 16.

All proposals approved by shareholders on Nov. 30 would take effect Dec. 1.

Nottingham has called the meeting to approve four proposals whose purpose is to streamline and modernize the operations of the trust in order to conform them to industry standards and to obtain uniformity among the funds. The funds' board of trustees has unanimously approved the proposals. Shareholders of record at close of business on Sept. 1 are entitled to vote.

The first proposal would transfer all assets and liabilities to a new series of the same name and reorganize them into a series of Brown Capital Management Mutual Funds, a statutory trust.

The second proposal would approve revisions to the funds' fundamental investment restrictions, providing more flexibility to the investment adviser.

The third proposal would approve a new investment adviser agreement between the funds and existing adviser, Baltimore-based Brown Capital Management, LLC.

The fourth proposal will approve a distribution plan for the funds, opening them up to new investors and increased sales. This proposal would also increase the total operating expenses of the funds and modify Brown's expense limitation agreements with the funds

Approval of the second, third and fourth proposals are not contingent on approval of the first proposal.

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