Investment Managers Series Trust

12/13/2024 | Press release | Distributed by Public on 12/13/2024 14:49

Prospectus by Investment Company (Form 497)

WCM Focused International Growth Fund

Investor Class Shares - WCMRX
Institutional Class Shares - WCMIX

WCM Focused International Equity Fund

Investor Class Shares - WLIVX
Institutional Class Shares - WCMVX

WCM Focused Emerging Markets Fund
Investor Class Shares - WFEMX

Institutional Class Shares - WCMEX

WCM Focused International Opportunities Fund

Investor Class Shares - WCFOX

Institutional Class Shares - WCMOX

WCM International Small Cap Growth Fund
Institutional Class Shares - WCMSX

WCM Mid Cap Quality Value Fund

Investor Class Shares - WMIDX

Institutional Class Shares - WCMAX

WCM Small Cap Growth Fund

Investor Class Shares - WCMNX

Institutional Class Shares - WCMLX

WCM Focused Emerging Markets ex China Fund

Investor Class Shares - WCFEX

Institutional Class Shares - WCMWX

WCM SMID Quality Value Fund

Investor Class Shares - WCMJX

Institutional Class Shares - WCMFX

WCM Quality Dividend Growth Fund

Investor Class Shares - WQDGX

Institutional Class Shares - WCMYX

WCM China Quality Growth Fund

Investor Class Shares - WCQGX

Institutional Class Shares - WCMCX

Each a series (the "Funds") of Investment Managers Series Trust

Supplement dated December 13, 2024, to each currently effective

Prospectus, Statement of Additional Information ("SAI"),

and Summary Prospectus.

Effective immediately, the Funds' new website is www.wcminvest.com/funds. Fund specific information can be accessed at the Funds' new website.

Please retain this Supplement with your records.