North Star Family of Funds announces merger
Chicago, IL (March 2, 2026) – North Star Investment Management announced that an Agreement and Plan of Reorganization was approved at a special meeting of shareholders of the Perritt MicroCap Opportunities Fund, whereby the Fund was reorganized into the North Star Micro Cap Fund. The President and Chief Investment Officer of North Star were interviewed on the merger:
“North Star has more than 30 years of expertise in finding undervalued and overlooked Micro Cap companies. We are very excited to welcome the Perritt MicroCap Opportunities Fund shareholders to the North Star Micro Cap Fund. “ Peter Gottlieb, President, North Star Investment Management
“The two funds have shared a common value approach to the same universe for several decades. We are enthusiastic about broadening out our holdings to include the investments from the Perritt Microcap Opportunities Fund that are natural fits for our portfolio. With investors looking to diversify into small caps we feel this merger presents a timely and compelling opportunity.” Eric Kuby, Chief Investment Officer, North Star Investment Management.
North Star Investment Management
North Star Investment Management Corporation is a Chicago based investment management firm serving individual investors and pooled accounts since 2003. The firm currently manages approximately $2.4 billion in client assets and has equity, fixed income, balanced and specialty strategies.
Perritt Capital Management
Perritt Capital Management, Inc. is an independent and registered investment advisor located in Chicago’s Financial District. The firm was established in 1987.
Mutual Funds have investment risks including loss of principal. There is no guarantee the fund will meet its objective. In general, the price of a fixed income security falls when interest rates rise. There is a risk that issuers and counterparties will not make payments on securities and other investments held by the Fund, resulting in losses to the Fund. The Fund may invest in high yield securities, also known as “junk bonds.” High yield securities provide greater income and opportunity for gain but entail greater risk of loss of principal. Foreign common stocks and currency strategies will subject the Fund to currency trading risks that include market risk, credit risk and country risk. Municipal securities are subject to credit risk where a municipal security might not make interest and principal payments as they come due. The Advisor follows an investing style that favors value investments. At times when the value investing style is out of favor, the Fund may underperform other funds that use different investing styles. Investments in lesser-known, small and medium capitalization companies may be more vulnerable than larger, more established organizations. As with any investment, there are risks associated with REITs. Investments in lesser known, small and medium capitalization companies may be more vulnerable than larger, more established organizations. The Advisor does not attempt to keep the portfolio structure or fund performance consistent with any market index. Increased portfolio turnover may result in higher brokerage commissions, and other transaction costs may result in taxable capital gains.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the North Star Funds. No-Load Mutual funds are sold without sales charge; however, they have ongoing expenses, such as management fees. This and other important information about each of the Funds are contained in the prospectus, which can be obtained at www.nsinvestfunds.com or by calling (855) 580-0900. The prospectus should be read carefully before investing. The North Star Funds are distributed by Northern Lights Distributors, LLC member FINRA/SIPC.
For more information, please contact Marketing/Sales at 312-584-0988, info@nsinvest.com, or visit our website www.nsinvestfunds.com.
20260226-5255255