RiverPark Funds Announces Closing of RiverPark Short Term High Yield Fund to New Investors

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RiverPark Funds Announces Closing of RiverPark Short Term High Yield Fund to New Investors

NEW YORK--(BUSINESS WIRE)-- RiverPark Funds announced today that it intends to close the RiverPark Short Term High Yield Fund (ticker symbols RPHIX and RPHYX) to new investors at the close of business on June 21,2013. The Fund will remain open to new investments from its current shareholders and from financial advisors with existing clients in the Fund. The closing does not affect other RiverPark Funds.

"We are taking the steps necessary to protect the integrity of the Fund's investment strategy by limiting its growth," said Morty Schaja, chief executive officer of RiverPark Funds. "Closing the Fund now will allow existing shareholders to continue to invest in the Fund."

The RiverPark Short Term High Yield Fund currently has just over $700 million in assets under management and is approaching its planned capacity. The fund is sub-advised by Cohanzick Management, LLC of Pleasantville, N.Y. RiverPark recently filed a registration statement for a second fund that will be sub-advised by Cohanzick Management, RiverPark Strategic Income Fund.

The RiverPark Funds may be purchased directly by application to the Funds. For more information on the funds, please visit www.RiverParkFunds.com, or call Matt Kelly at (212) 484-2103.

About RiverPark Funds

RiverPark Funds is comprised of five funds. Two of the Funds are managed in-house: RiverPark Large Growth Fund and RiverPark Long/Short Opportunity Fund. The RiverPark/Wedgwood Fund is sub-advised by Wedgewood Partners, Inc., RiverPark/Gargoyle Hedged Value Fund is sub-advised by Gargoyle Investment Advisor, L.L.C.,and RiverPark Short-term High Yield Fund is sub-advised by Cohanzick Management, LLC. RiverPark has two new funds in registration, the RiverPark Strategic Income Fund, and the RiverPark Structural Alpha Fund. Currently RiverPark has approximately $1.9 billion in assets under management.

RiverPark is based in New York. More information is available at www.riverparkfunds.com.

The information in this material is not complete and may be changed. RiverPark may not sell the Strategic Income Fund & Structural Alpha Fund until the registration statement filed with the Securities and Exchange Commission is effective. This is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.

To determine if a Fund is an appropriate investment for you, carefully consider the Fund's investment objectives, risk factors, charges and expenses before investing. This and other information may be found in the Fund's summary or full prospectus, which may be obtained by clicking here or calling 1-888-564-4517. Please read the prospectus carefully before investing.

Mutual fund investing involves risk including possible loss of principal. In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Narrowly focused investments typically exhibit higher volatility. High Yield bonds involved greater risk of default or downgrade and are more volatile than investment grade securities, due to the speculative nature of their investments. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. There can be no assurance that the Fund will achieve its stated objectives.

The RiverPark funds are distributed by SEI Investments Distribution Co., which is not affiliated with Wedgewood Partners, RiverPark Advisors, LLC, or their affiliates.

MacMillan Communications
Mike MacMillan/Chris Sullivan

KEYWORDS:   United States  North America  New York


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