<SEC-DOCUMENT>0001580642-17-006726.txt : 20171222
<SEC-HEADER>0001580642-17-006726.hdr.sgml : 20171222
<ACCEPTANCE-DATETIME>20171222130950
ACCESSION NUMBER:		0001580642-17-006726
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20171222
DATE AS OF CHANGE:		20171222
EFFECTIVENESS DATE:		20171222

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Multi-Strategy Growth & Income Fund
		CENTRAL INDEX KEY:			0001523289
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-189008
		FILM NUMBER:		171272097

	BUSINESS ADDRESS:	
		STREET 1:		80 ARKAY DRIVE
		CITY:			HAUPPAUGE
		STATE:			NY
		ZIP:			11788
		BUSINESS PHONE:		631-470-2600

	MAIL ADDRESS:	
		STREET 1:		80 ARKAY DRIVE
		CITY:			HAUPPAUGE
		STATE:			NY
		ZIP:			11788
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<FILENAME>multistratgi497s.htm
<DESCRIPTION>497
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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt; text-align: center"><B>MULTI-STRATEGY GROWTH &amp; INCOME
FUND </B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Supplement dated December 22, 2017</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>to the Prospectus&nbsp;(&ldquo;Prospectus&rdquo;)
and </B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Statement of Additional Information (&ldquo;SAI&rdquo;),
</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; border-bottom: 1px solid black"><B>each dated July 1, 2017 and supplemented August
4, 2017 and August 14, 2017</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Effective as of December 22, 2017, UMB Bank,
n.a. has replaced MUFG Union Bank, N.A. as the custodian for Multi-Strategy Growth &amp; Income Fund (the &ldquo;Fund&rdquo;).
Consequently, all references to MUFG Union Bank, N.A in the Prospectus and SAI are deleted and replaced with UMB Bank, n.a. All
disclosures to the contrary in the Prospectus and SAI should be disregarded.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.25in">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: center; text-indent: 0.75in"><B>* * * * * *</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>You should read this Supplement in
conjunction with the Prospectus and SAI, which provide information that you should know about the Fund before investing. These
documents are available upon request and without charge by calling the Fund toll-free at 1-855-601-3841. The Prospectus and Statement
of Additional Information may be obtained by visiting the U.S. Securities and Exchange Commission&rsquo;s website at http://www.sec.gov.
You should retain this Supplement for future reference.</B></P>


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