Intrepid Income Fund to convert investor shares into institutional shares

TheShadow

http://www.sec.gov/Archives/edgar/data/1300746/000089418913006590/intrepid_497e.htm

Excerpt:

"Closing of Investor Class Shares of Intrepid Income Fund

The Board of Trustees (the “Board”) of Intrepid Capital Management Funds Trust (the “Trust”), based on the recommendation of Intrepid Capital Management, Inc. (the “Adviser”) has approved closing the Investor Class shares of the Intrepid Income Fund (the “Fund”) as of the close of business on January 31, 2014. Accordingly, as of January 31, 2014, the Fund will no longer offer Investor Class shares as a class of the Fund.

On January 31, 2014, the Fund will convert its Investor Class shares into Institutional Class shares. Prior to the conversion, shareholders of the Investor Class may redeem those shares as described in the Fund’s Prospectus.

Please see the Fund’s prospectus for detailed information about the fees and expenses associated with the Institutional Class shares. Set forth below is a table showing the fees and expenses of the Investor Class shares and the Institutional Class shares, as reflected in the Prospectus..."

David_Snowball

Though the institutional shares appear to have a $2500 minimum and no 12b-1.

Curious.

David