AICA – Excellence Beyond Indexing

Frk Muni Opp Tr

The Fund announced today the final results of its tender offer to repurchase up to 100% of its outstanding Series B and Series C Remarketed Preferred Shares (the “Remarketed Shares”).

The tender offer expired on Thursday, October 29, 2026, at 5:00 p.m., New York City time.

The Fund offered to repurchase the Remarketed Shares at $23,218.75 per share, representing 92.875% of the $25,000 liquidation preference, plus any accrued and unpaid dividends through the expiration of the tender offer.

All Remarketed Shares validly tendered and not withdrawn before the expiration of the tender offer have been accepted for payment.

The Fund has accepted for payment 5,273 Remarketed Shares, which represent approximately 95% of its outstanding Remarketed Shares. Payment for such shares was made on November 5, 2026. The Remarketed Shares that were not tendered will remain outstanding.

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