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TrendStar Advisors to divest investment advisory business to UMB Financial

If approved, the TrendStar Small-Cap Fund will be reorganised and be called the Scout TrendStar Small-Cap Fund

TrendStar Advisors, the investment adviser to the TrendStar Small-Cap Fund, has entered into an agreement to sell its investment advisory business to subsidiaries of UMB Financial, pending shareholder approval, in a transaction that is expected to close on or about June 30, 2009.

If approved, the TrendStar Small-Cap Fund will be reorganised into a newly formed mutual fund within the UMB Scout Funds family of mutual funds called the Scout TrendStar Small-Cap Fund. The Committee on Uniform Security Identification Procedures number and ticker symbol of the fund will remain unchanged.

Additionally, the portfolio management team of Tom Laming, president and chief investment officer of TrendStar Advisors and James McBride will join Scout Investment Advisors and will continue to provide investment management direction for the fund. The transaction will provide a range of investment options for clients of Scout Investment Advisors, as the growth focus of the TrendStar Fund will serve to complement the core focus of the existing UMB Scout Small-Cap Fund.

Scout Investment Advisors is a subsidiary of UMB Bank which is the principal subsidiary bank of UMB Financial.

Mr. Laming said: Our agreement with Scout Investment Advisors is a great opportunity as it will enhance our access to an array of world-class resources.