INVESTMENT ADVISER
Flippin, Bruce & Porter, Inc.
800 Main Street, Second Floor
P.O. Box 6138
Lynchburg, VA 24505
Toll-Free 1-800-327-9375
www.fbpinc.com

OFFICERS
John T. Bruce, President and Portfolio Manager

John M. Flippin, Vice President

John H. Hanna, IV, Vice President

David J. Marshall, Vice President
R. Gregory Porter, III, Vice President

Teresa L. Sanderson, Compliance Officer

TRUSTEES
Austin Brockenbrough, III
John T. Bruce
Charles M. Caravati, Jr.
Robert S. Harris
J. Finley Lee, Jr.
Richard L. Morrill
Harris V. Morrissette

ADMINISTRATOR
Ultimus Fund Solutions, LLC
P.O. Box 46707
Cincinnati, OH 45246-0707
Toll-Free 1-866-738-1127

CUSTODIAN
US Bank
425 Walnut Street
Cincinnati, OH 45202

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Ernst & Young LLP
312 Walnut Street
Cincinnati, OH 45202

LEGAL COUNSEL
Sullivan & Worcester LLP
One Post Office Square
Boston, MA 02109