Stradley Ronon Stevens & Young, LLP 2005 Market Street, Suite 2600 Philadelphia, PA 19103 Telephone 215.564.8000 Fax 215.564.8120 www.stradley.comManaged Portfolio Series • September 19th, 2018
Re: Agreement and Plan of Reorganization (“Agreement”) adopted as of September 14, 2018 by and among The Olstein Funds, an open-end registered investment company (“Target Entity”), on behalf of its two series portfolios, the Olstein All Cap Value Fund and the Olstein Strategic Opportunities Fund (each, a “Target Fund,” and together, the “Target Funds”) and Managed Portfolio Series, an open-end registered investment company (“Acquiring Entity”), on behalf of two of its series portfolios, the Olstein All Cap Value Fund and the Olstein Strategic Opportunities Fund (each, an “Acquiring Fund,” and together, the “Acquiring Funds,” and each Target Fund and each Acquiring Fund, a “Fund”)
