Jensen Quality Growth Fund Inc.
11/12/2024 | Press release | Distributed by Public on 11/12/2024 13:15
Prospectus by Investment Company - Form 497
Jensen Quality Growth Fund 497E - SAI - November 2024
Filed pursuant to Rule 497(e)
Registration Nos. 033-47508/811-06653
The Jensen Quality Growth Fund Inc.
Supplement to the
Statement of Additional Information
dated September 30, 2024
November 6, 2024
At a special meeting of shareholders of The Jensen Quality Growth Fund Inc. (the "Fund") on
November 1, 2024, the Fund's shareholders elected Kerry Barnett as an independent director of
the Fund effective as of November 1, 2024. Mr. Barnett was also appointed by the Board as a
member of the Fund's Audit Committee and Nominating Committee.
Within the Statement of Additional Information ("SAI"), please add the following to the
"Independent Directors" table beginning on page 6 of the SAI:
|
Name, Address and Age
|
Position(s)
Held with
the Fund
|
Term of Office
and Length of
Time Served*
|
Principal Occupation
During Past Five Years
|
# of Portfolios in
Fund Complex
Overseen by
Director
|
Other
Directorships Held
by Director
During the Past
Five Years
|
|
INDEPENDENT DIRECTORS
|
|||||
|
Kerry E. Barnett
The Jensen Quality Growth Fund Inc.
5500 Meadows Road, Suite 200
Lake Oswego, OR 97035
Year of Birth: 1957
|
Independent
Director
|
Indefinite Term;
since November 1,
2024.
|
Retired. President and
Chief Executive Officer
of SAIF Corp. (2015 -
2021).
|
1
|
Board member,
Mutual of
Enumclaw
Insurance
Company (not a
public company), a
property
and casualty
insurer, since
2021;
Board member,
CareOregon (not-
for-profit)
Medicaid
insurance carrier,
since 2020.
|
Within the SAI, please add the following under the heading "Board Conclusion on Individual
Director Skills, Attributes, Qualifications, and Experience" beginning on page 9 of the SAI:
Mr. Barnett was elected by the Fund's shareholders on November 1, 2024 to serve as an
Independent Director of the Fund. Mr. Barnett retired in 2021 from SAIF Corp., where he had
served as the President and Chief Executive Officer since 2015. Mr. Barnett serves on the Board
of Directors of each of Mutual of Enumclaw Insurance Company, a property and casualty
insurer, and CareOregon, a not-for-profit Medicaid insurance carrier. Based on the foregoing,
Filed pursuant to Rule 497(e)
Registration Nos. 033-47508/811-06653
and his extensive experience as a chief executive officer and his extensive insurance industry
knowledge and, the Board concluded that Mr. Barnett should serve as a Director of the Fund.
Any portion of the Fund's Statement of Additional Information not specifically addressed in this
supplement remains unchanged.
Please retain this supplement for future reference.