Americas Gold and Silver (USA) investor relations material

Executive summary

• The 2026 Joint Annual Meeting will be held on August 26, 2026, to vote on a new Portfolio Management Agreement for the Equity Fund and to elect Trustees/Directors for both the Equity and Growth Funds.

• The Board unanimously recommends voting FOR all proposals, including the new agreement with Loomis, Sayles & Company, L.P.

• The Equity Fund's multi-manager methodology is designed to blend different investment styles for more consistent long-term performance.

• The new agreement with Loomis Sayles replaces Sustainable Growth Advisers, LP, with no change in fee structure or service level.

• Proxy solicitation costs for the Equity Fund are estimated at $315,000 due to regulatory requirements.

Voting matters and shareholder proposals

• Proposal 1: Approve a new Portfolio Management Agreement among the Equity Fund, ALPS Advisors, Inc., and Loomis, Sayles & Company, L.P.

• Proposal 2: Elect two Trustees to the Equity Fund Board for three-year terms.

• Proposal 3: Elect two Directors to the Growth Fund Board for three-year terms.

• Shareholders may submit proposals for future meetings, subject to deadlines and requirements.

Board of directors and corporate governance

• The Boards oversee management, operations, and risk, with all current Trustees/Directors being independent.

• The Board is divided into three classes, each serving three-year terms; nominees have extensive industry experience.

• The Nominating and Governance Committee, composed of independent members, reviews Board effectiveness and considers shareholder nominations.

• Board and Audit Committee self-evaluations are conducted annually.