On June 22, 2022, the Board of Trustees of AMG Funds I approved a plan to liquidate and terminate AMG FQ Global Risk-Balanced Fund (the “Fund”) (the “Liquidation”), which is expected to occur on or about August 19, 2022 (the “Liquidation Date”). Effective on or about June 24, 2022, it is expected that the Fund will begin selling its portfolio investments and will invest the proceeds in cash and cash equivalents, in anticipation of the Liquidation. Proceeds of the Liquidation are expected to be distributed to shareholders of the Fund promptly following the Liquidation Date in full redemption of each shareholder’s shares of the Fund. Please refer to the Fund’s prospectus for more information.