July 22, 2022 Investment Managers Series Trust II Milwaukee, Wisconsin 53212 Ladies and Gentlemen:Agreement and Plan of Reorganization • July 28th, 2022 • Investment Managers Series Trust II
This opinion is furnished to you pursuant to paragraph 2.5 of the Agreement and Plan of Reorganization (the “Agreement”), dated as of July 21, 2022, by and among Investment Managers Series Trust II (the “Trust”), a Delaware statutory trust, on behalf of its series AXS Managed Futures Strategy Fund (the “Acquired Fund”), and the Trust, on behalf of its series AXS Chesapeake Strategy Fund (the “Acquiring Fund”). All capitalized terms not otherwise defined herein have the meanings ascribed to them in the Agreement.
