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How can I move my funds to an Armada Funds IRA from my employer-sponsored retirement plan? You can choose a Direct Rollover or an Indirect Rollover to move your funds from an employer-sponsored retirement plan to an IRA. If you choose a Direct Rollover, you arrange with your employer to move your distribution from the company's plan directly into an IRA on your behalf. The check (or securities) should be payable to Armada Funds as custodian for your IRA plan. This avoids mandatory tax withholding. With an Indirect Rollover, the plan's trustee pays out the distribution to you. You actually receive a check payable to you or securities registered in your name. Before choosing an Indirect Rollover, keep in mind that the trustee is required to withhold 20% as federal income tax and pay it directly to the Internal Revenue Service (IRS) on your behalf. The trustee may also withhold an additional amount for state income tax. Then you'll have 60 calendar days to deposit the funds into your IRA. You'll have to pay federal and state income taxes, plus possible tax penalties for early withdrawal, on any part of your distribution which you do not roll over. This includes the 20% withheld and not paid over to you. You can avoid current income taxes and penalties only if you replace the amount withheld with money from other sources. This money must also be deposited into your IRA within 60 days to avoid these taxes and penalties. (In all cases, you'll receive credit for the amount withheld when you file your tax return.) A Direct Rollover, in contrast, allows you to move 100% of your distribution from an employer-sponsored retirement plan without withholding. A Direct Rollover is more practical for many people because there's no need to add cash to make up the difference or to wait for a tax refund. If you have questions about your individual situation, contact your plan administrator or a personal adviser, such as an accountant, attorney or other tax professional.

NOT FDIC INSURED · NO BANK GUARANTEE · MAY LOSE VALUE

You should consider the investment objectives, risks, charges and expenses of the Armada Funds carefully before investing. A prospectus may be downloaded and viewed with this and other information about the Funds or may be obtained by contacting an investment professional or by calling 1-800-622-FUND (3863.) Please read it carefully before you invest or send money.

National City Investment Management Company (IMC) serves as investment adviser to Armada Funds for which it receives an investment advisory fee. Shares of Armada Funds are distributed by Professional Funds Distributor, LLC (PFD), 760 Moore Road, King of Prussia, PA 19406. PFD is not affiliated with IMC and is not a bank.