SkyBridge Funds Seek Shareholder Vote to Elect Two Trustees
| Field | Detail |
|---|---|
| Company | Skybridge Opportunity Fund |
| Form Type | DEF 14A |
| Filed Date | Aug 28, 2025 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: Proxy Statement, Board Election, Investment Company Act of 1940, Fund Governance, Shareholder Vote, Regulatory Compliance, SkyBridge Funds
TL;DR
**Vote FOR the SkyBridge trustee nominees to ensure regulatory compliance and board flexibility; it's a no-brainer for stable fund governance.**
AI Summary
SkyBridge Opportunity Fund and SkyBridge G II Fund are holding a joint special meeting on October 9, 2025, to elect two nominees, Ms. Kristin Smith and Mr. James G. Jackson, to their respective Boards of Trustees. Both nominees currently serve as trustees but were not previously elected by shareholders. This election is crucial to ensure that at least a majority of the trustees will have been elected by shareholders, as required by Section 16(a) of the Investment Company Act of 1940. The Board unanimously recommends voting FOR the election of these nominees, emphasizing that this will provide flexibility for future trustee appointments and replacements while maintaining regulatory compliance. The Funds had 1,355,438.515 shares outstanding for Opportunity Fund and 33,619.592 shares outstanding for G II Fund as of August 28, 2025. Shareholders of record as of August 28, 2025, are eligible to vote, with each vote representing one dollar of net asset value.
Why It Matters
This proxy statement is a routine governance measure for SkyBridge Opportunity Fund and SkyBridge G II Fund, ensuring compliance with the Investment Company Act of 1940 regarding shareholder-elected trustees. For investors, it reinforces board stability and adherence to regulatory requirements, which can be a positive signal for fund oversight. Employees and customers are less directly impacted, but a well-governed fund complex contributes to overall organizational health. In the competitive asset management landscape, maintaining a compliant and flexible board structure is essential for long-term operational efficiency and investor confidence.
Risk Assessment
Risk Level: low — The risk level is low because the proposal is a routine governance matter to ensure compliance with Section 16(a) of the Investment Company Act of 1940. The Board unanimously recommends the election of two existing trustees, Ms. Kristin Smith and Mr. James G. Jackson, who are already serving, indicating continuity rather than disruptive change.
Analyst Insight
Investors should vote FOR the election of Ms. Kristin Smith and Mr. James G. Jackson to ensure the SkyBridge Funds maintain regulatory compliance and board flexibility. This is a straightforward governance vote that supports the existing board structure and operational stability.
Financial Highlights
- total Assets
- $1,389,058.107
- total Debt
- $0.00
Key Numbers
- October 9, 2025 — Special Meeting Date (Date for the virtual joint special meeting of shareholders)
- 11:00 a.m. (Eastern Time) — Special Meeting Time (Scheduled time for the virtual joint special meeting)
- August 28, 2025 — Record Date (Date for determining shareholders eligible to vote)
- 2 — Number of Nominees (Number of individuals proposed for election to the Board of Trustees)
- 1,355,438.515 — Opportunity Fund Shares Outstanding (Total shares outstanding for SkyBridge Opportunity Fund as of August 28, 2025)
- 33,619.592 — G II Fund Shares Outstanding (Total shares outstanding for SkyBridge G II Fund as of August 28, 2025)
- 10% — Quorum Requirement (Percentage of total votes eligible to be cast required for a quorum for each Fund)
- 1-888-470-7307 — Sodali & Co. Phone Number (Contact number for proxy solicitation assistance)
- 9:00 a.m. to 11:00 p.m. Eastern Time — Sodali & Co. Availability (Operating hours for proxy solicitation representatives)
- 75 — Trustee Retirement Age (Age at which a trustee shall retire from the Board, subject to waiver)
Key Players & Entities
- SKYBRIDGE OPPORTUNITY FUND (company) — Registrant
- SKYBRIDGE G II FUND (company) — Registrant
- Kristin Smith (person) — Nominee for Trustee
- James G. Jackson (person) — Nominee for Trustee
- Raymond Nolte (person) — Chair of the Board of Trustees and President of the Funds
- Sodali & Co. (company) — Proxy solicitation coordinator
- SEC (regulator) — Securities and Exchange Commission
- Investment Company Act of 1940 (regulator) — Governing regulation
- Minna Urrey (person) — Secretary of each Fund
- Brett S. Messing (person) — Interested Trustee
FAQ
What is the purpose of the SkyBridge Opportunity Fund special meeting on October 9, 2025?
The special meeting on October 9, 2025, is being held to consider and vote on the election of two nominees, Ms. Kristin Smith and Mr. James G. Jackson, to the Board of Trustees of both SkyBridge Opportunity Fund and SkyBridge G II Fund.
Who are the nominees for the SkyBridge Opportunity Fund Board of Trustees?
The two nominees for election to the Board of Trustees for both SkyBridge Opportunity Fund and SkyBridge G II Fund are Ms. Kristin Smith and Mr. James G. Jackson. Both individuals currently serve on the Board.
Why is SkyBridge Opportunity Fund asking shareholders to vote on trustee nominations now?
SkyBridge Opportunity Fund is asking shareholders to vote on trustee nominations to ensure that at least a majority of the trustees then holding office will have been elected by shareholders, as required by Section 16(a) of the Investment Company Act of 1940. This provides flexibility for future trustee changes.
What is the Board's recommendation regarding the trustee nominees for SkyBridge Funds?
The Board of Trustees of both SkyBridge Opportunity Fund and SkyBridge G II Fund unanimously recommends that shareholders vote FOR the election of each nominee to the Board.
When is the record date for voting at the SkyBridge Funds' special meeting?
The record date for determining shareholders entitled to notice of and to vote at the SkyBridge Funds' special meeting is the close of business on August 28, 2025.
How can shareholders of SkyBridge Opportunity Fund vote their shares?
Shareholders can authorize a proxy to vote their shares via the internet, by telephone, by mail using the enclosed proxy card, or by attending the virtual Special Meeting on October 9, 2025, and voting online.
What happens if a shareholder does not specify a choice on their proxy card for SkyBridge Funds?
If a shareholder is the record owner and their proxy is properly executed and returned without a specified choice, the shares will be voted 'FOR' the election of each nominee to the Board of Trustees.
What is the quorum requirement for the SkyBridge Funds' special meeting?
The quorum for the Special Meeting for each Fund is set at ten percent of the total number of votes eligible to be cast by all shareholders of the respective Fund, meaning at least 10% must be present virtually or by proxy.
Who can shareholders contact if they have questions about voting for SkyBridge Funds?
Shareholders with questions about the proxy materials or needing assistance in voting their shares can contact Sodali & Co. at 1-888-470-7307, available Monday through Friday from 9:00 a.m. to 11:00 p.m. Eastern Time.
Are the SkyBridge Funds paying for the proxy materials?
Yes, each Fund will bear its pro rata share of the expenses for the preparation, printing, and mailing of the enclosed proxy card, notice, and proxy statement.
Risk Factors
- Compliance with Investment Company Act of 1940 [medium — regulatory]: The Funds must ensure that at least a majority of their trustees are elected by shareholders, as mandated by Section 16(a) of the Investment Company Act of 1940. Failure to meet this requirement could lead to regulatory scrutiny and potential penalties.
- Trustee Retirement Age and Waivers [low — operational]: The Funds have a trustee retirement age of 75, which can be subject to waivers. This policy aims to ensure board refreshment but waivers could potentially lead to concerns about board continuity or the introduction of new perspectives.
Industry Context
The closed-end fund industry, particularly alternative investment vehicles like the SkyBridge Opportunity Fund, operates within a complex regulatory framework. Ensuring compliance with the Investment Company Act of 1940 is paramount for maintaining investor trust and operational legitimacy. Industry trends emphasize transparency and robust corporate governance.
Regulatory Implications
The primary regulatory implication is the mandatory compliance with Section 16(a) of the Investment Company Act of 1940, requiring shareholder election of a majority of trustees. Failure to meet this requirement could result in regulatory action and impact the Funds' ability to operate.
What Investors Should Do
- Vote FOR the election of Ms. Kristin Smith and Mr. James G. Jackson to the Boards of Trustees to ensure regulatory compliance and support continued operational flexibility.
- Review the proxy materials carefully to understand the qualifications of the nominees and the importance of this shareholder vote for the Funds' governance structure.
Key Dates
- 2025-10-09: Joint Special Meeting of Shareholders — Shareholders will vote on the election of two nominees to the Boards of Trustees, a critical step for regulatory compliance.
- 2025-08-28: Record Date — Determines which shareholders are eligible to vote at the special meeting.
Glossary
- DEF 14A
- A filing with the U.S. Securities and Exchange Commission (SEC) that provides detailed information about a company's annual meeting, including executive compensation, director elections, and other shareholder matters. (This filing contains the information regarding the election of trustees for the SkyBridge Opportunity Fund and SkyBridge G II Fund.)
- Investment Company Act of 1940
- A U.S. federal law that regulates the organization and operation of companies, including mutual funds, that engage primarily in investing, reinvesting, and trading in securities, and whose own securities are offered to the investing public. (Section 16(a) of this Act requires that a majority of the trustees be elected by shareholders, which is the primary driver for the upcoming special meeting.)
- Board of Trustees
- The governing body of a trust, responsible for overseeing the management and operations of the trust. (The election of new members to the Board of Trustees is the central purpose of the special meeting.)
- Beneficial Ownership
- The actual right to use or enjoy the benefits of a property or security, even if legal title is held by someone else. (The filing includes information on beneficial ownership of securities by trustees and management.)
Year-Over-Year Comparison
This filing is a specific proxy statement (DEF 14A) focused on the election of trustees, not a comprehensive annual report. Therefore, direct year-over-year comparisons of financial metrics like revenue or net income are not applicable. The key focus is on governance and regulatory compliance related to trustee elections.
Filing Stats: 4,774 words · 19 min read · ~16 pages · Grade level 12.5 · Accepted 2025-08-28 16:16:09
Filing Documents
- d96136ddef14a.htm (DEF 14A) — 219KB
- g96136g00s02.jpg (GRAPHIC) — 65KB
- g96136g12k12.jpg (GRAPHIC) — 225KB
- g96136g13k13.jpg (GRAPHIC) — 212KB
- g96136g14k14.jpg (GRAPHIC) — 223KB
- g96136g15k15.jpg (GRAPHIC) — 212KB
- 0001193125-25-191247.txt ( ) — 2652KB
- ck0001181848-20251009.xsd (EX-101.SCH) — 21KB
- d96136ddef14a_htm.xml (XML) — 2KB
Security Ownership of Certain Beneficial Owners and Management
Security Ownership of Certain Beneficial Owners and Management The following table sets forth, as of August 28, 2025, the beneficial ownership information of each current trustee, including the nominee