Americas Gold and Silver (USA) Proxy Filing summary

Executive summary

• The 2024 Joint Annual Meeting of Shareholders for two funds is scheduled for August 28, 2024, to vote on a new portfolio management agreement, and to elect directors and trustees for the respective funds.

• The Board unanimously recommends voting in favor of all proposals, including the new agreement with Westfield Capital Management for the Growth Fund.

• Proxy solicitation is being conducted by mail, phone, and internet, with additional costs for the Growth Fund due to regulatory requirements.

Voting matters and shareholder proposals

• Proposal 1 seeks approval of a new Portfolio Management Agreement for the Growth Fund, appointing Westfield Capital Management as a new portfolio manager.

• Proposals 2 and 3 involve electing two directors for the Growth Fund and two trustees for the Equity Fund, each to serve three-year terms.

• Shareholders may submit proposals and board nominations, subject to specific requirements and deadlines.

Board of directors and corporate governance

• Both funds are overseen by independent boards, with all current trustees/directors classified as independent.

• The boards meet regularly, conduct annual self-evaluations, and have established Nominating and Governance Committees to review board composition and effectiveness.

• Shareholders can communicate directly with the board or individual members.