Pursuit Asset-Based Income Fund

Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained from the Fund at (888) 723-1542 or by visiting pursuitfunds.com. An investor should read the prospectus carefully before investing.

Summary of Risk Factors

Pursuit Asset-Based Income Fund (“GOFOX”) is a closed-end management investment company structured as an “interval fund” that expects to invest at least 80% of its net assets (plus any borrowings for investment purposes) in specialized investments in smaller, undercapitalized assets and markets, referred to as “Niche Asset-Based Alternatives.” This investment involves a high degree of risk and should be considered speculative. You should purchase these securities only if you can afford the complete loss of your investment. You should read the prospectus carefully for a description of the risks associated with an investment in GOFOX. These risks include, but are not limited to, the following:

• The Fund is not intended as a complete investment program but rather the Fund is designed to help investors diversify into private credit investments.
• The Fund is a “nondiversified” management investment company registered under the Investment Company Act of 1940. Since the Fund is non-diversified, it is subject to higher reduction of capital and volatility than a fund more proportionately allocated among a large number of securities.
• An investment in the Fund involves risk. The Fund is new with no significant operating history by which to evaluate its potential performance. There can be no assurance that the Fund’s strategy will be successful.
• The Fund may use leverage its investments by “borrowing.” The use of leverage increases both risk of loss and profit potential.
• Shares of the Fund are an illiquid investment. Shares are not listed on any securities exchange and it is not anticipated that a secondary market for shares will develop.
• Shares are appropriate only for those investors who can tolerate a high degree of risk, and do not require a liquid investment. You should generally not expect to be able to sell your Shares (other than through the limited repurchase process), regardless of how we perform. Although we are required to and have implemented a Share repurchase program, only a limited number of Shares will be eligible for repurchase by us.
• There is no assurance that you will be able to tender your shares when or in the amount that you desire. Although the Fund will offer quarterly liquidity through a quarterly repurchase process, an investor may not be able to sell or otherwise liquidate all their shares tendered during a quarterly repurchase offer. Because you will be unable to sell your Shares or have them repurchased immediately, you will find it difficult to reduce your exposure on a timely basis during a market downturn.
• The Fund intends to invest in private companies and private loans for which very little public information exists. Such companies are also generally more vulnerable to economic downturns and may experience substantial variations in operating results. The privately held companies and below-investment-grade securities in which the Fund will invest may be difficult to value and are illiquid. The Fund’s investment in private credit companies is speculative and involves a high degree of risk, including the risk associated with leverage.
• Asset-based investments often involve risks that are different from or more acute than risks associated with other types of debt instruments. For instance, asset-based investments may be particularly sensitive to changes in prevailing interest rates. In addition, the underlying assets are subject to prepayments that shorten the securities’ weighted average maturity and may lower their return.
• To the extent a loan is secured, there can be no assurance as to the amount of any funds that may be realized from recovering and liquidating any collateral or the timing of such recovery and liquidation and hence there is no assurance that sufficient funds (or, possibly, any funds) will be available to offset any payment defaults that occur under the loans.

The Fund commenced operations on October 1, 2025 (“Commencement of Operations”) following the reorganization of the Pursuit Alternative Income Fund, LP (the “Predecessor Fund”) with and into the Fund, which was effective as of the close of business on September 23, 2025. The Predecessor Fund maintained an investment objective, strategies and investment policies, guidelines and restrictions that are, in all material respects, equivalent to those of the Fund. At the time of the reorganization, the Fund and the Predecessor Fund shared the same investment adviser and portfolio managers. The Predecessor Fund commenced operations on October 11, 2024.

Pursuit Fund Advisers, LLC (“Pursuit Funds”) serves as the investment adviser to the Pursuit Asset-Backed Income Fund. The Fund is distributed by Distribution Services, LLC which is not affiliated with Pursuit Funds or any of their affiliates.