Distribution Disclosures


RECENT QUARTER TABLE OF RETURNS*

Important Information Regarding Fund Returns

Table of Returns for Periods Ending 06/30/2017

Returns for periods over one year are average annual returns.

3 Month 1 Year 5 Years 10 Years Since Inception Inception Date Gross
Expenses
Net
Expenses**
CSCVX 0.36% 22.33% 15.20% 7.52% 9.92% 9/30/1992 N/A 1.30%
Russell 2000 Value Index 0.37% 24.86% 13.39% 5.92% 11.09%
CBLFX 1.49% 13.33% 9.01% 4.53% 5.76% 5/24/1997 1.24% 1.04%
Blended Equity & Debt* 1.19% 9.06% 9.06% 5.23% 6.97%
CMCRX 1.99% 20.11% 13.16% 4.06% 3.38% 7/27/2000 1.30% 1.00%
Russell 1000 Value Index 1.34% 15.53% 13.94% 5.27% 7.05%

The performance data quoted represents past performance. Past performance does not guarantee future results and current performance may be lower or higher than the performance quoted. To obtain performance as of the most recent month end, please call (888) 813-8637. The investment return and principal value of your investment will fluctuate, so investors’ shares, when redeemed, may be worth more or less than their original cost.

The Funds charge a 1.00% redemption fee for shares redeemed within 60 days of purchase.

* 60% S&P 500 Index and 40% Barclays Capital US Intermediate Government/Credit Index, inception date 5/31/1997

**The Adviser has contractually agreed to waive fees and reimburse the Balanced Fund and the Large/Mid-Cap Value Fund for “Total Annual Fund Operating Expenses” (exclusive of interest, taxes, brokerage fees and commissions, acquired fund fees and expenses, and extraordinary expenses) that exceed 1.00%. The contractual agreement cannot be terminated prior to August 1, 2018 without the Board of Trustees' approval.


ANNUAL DISTRIBUTION

Fund Record Date Ex-Date Pay Date Short-Term Capital Gain Long-Term Capital Gain Reinvest Price
CornerCap Small-Cap Value Fund(CSCVX) 12/13/2016 12/14/2016 12/15/2016 $ 0.58458 $ 0.12291 $ 16.74
CornerCap Small-Cap Value Fund Inst Shares (CSCJX) 12/13/2016 12/14/2016 12/15/2016 $ 0.58458 $ 0.12291 $ 16.79
CornerCap Balanced Fund(CBLFX) 12/13/2016 12/14/2016 12/15/2016 None None
CornerCap Large/Mid-Cap Value Fund(CMCRX) 12/13/2016 12/14/2016 12/15/2016 None None
Fund Record Date Ex-Date Pay Date Income Reinvest Price
CornerCap Small-Cap Value Fund(CSCVX) 12/27/2016 12/28/2016 12/29/2016 $ 0.03058 $ 16.88
CornerCap Small-Cap Value Fund Inst Shares (CSCJX) 12/27/2016 12/28/2016 12/29/2016 $ 0.08273 $ 16.88
CornerCap Balanced Fund(CBLFX) 12/27/2016 12/28/2016 12/29/2016 $ 0.19521 $ 13.61
CornerCap Large/Mid-Cap Value Fund(CMCRX) 12/27/2016 12/28/2016 12/29/2016 $ 0.10495 $ 11.99