DISTRIBUTION & TAX INFORMATION
Queens Road Small Cap Value Fund
| YEAR | INCOME1 | LONG TERM CAP GAINS |
SHORT TERM CAP GAINS |
RECORD DATE |
EX DATE | PAYABLE DATE |
| 2018 | $0.0296 | $2.0604 | $0.3876 | 12/19/2018 | 12/20/2018 | 12/20/2018 |
Queens Road Value Fund
| YEAR | INCOME1 | LONG TERM CAP GAINS |
SHORT TERM CAP GAINS |
RECORD DATE |
EX DATE | PAYABLE DATE |
| 2018 | $0.3395 | $1.0749 | $0.00 | 12/19/2018 | 12/20/2018 | 12/20/2018 |
1 The portion of the Income distribution considered a Qualified Dividend distribution will be reported in conjunction with Form 1099-DIV.
HISTORICAL DISTRIBUTION & TAX INFORMATION
Queens Road Small Cap Value Fund
| YEAR | INCOME1 | LONG TERM CAP GAINS |
SHORT TERM CAP GAINS |
RECORD DATE |
EX DATE | PAYABLE DATE |
| 2017 | TBD | $0.56 | $0.00 | 12/20/2017 | 12/21/2017 | 12/21/2017 |
| 2016 | $0.0000 | $1.1887 | $0.1523 | 12/14/2016 | 12/15/2016 | 12/15/2016 |
| 2015 | $0.0000 | $0.0816 | $0.0000 | 12/16/2015 | 12/17/2015 | 12/17/2015 |
| 2014 | $0.0000 | $0.6617 | $0.0000 | 12/17/2014 | 12/18/2014 | 12/18/2014 |
| 2013 | $0.0000 | $0.7525 | $0.0000 | 12/26/2013 | 12/27/2013 | 12/27/2013 |
| 2012 | $0.0499 | $0.0000 | $0.2528 | 12/26/2012 | 12/27/2012 | 12/27/2012 |
Queens Road Value Fund
| YEAR | INCOME1 | LONG TERM CAP GAINS |
SHORT TERM CAP GAINS |
RECORD DATE |
EX DATE | PAYABLE DATE |
| 2017 | TBD | $0.63 | $0.00 | 12/20/2017 | 12/21/2017 | 12/21/2017 |
| 2016 | $0.3308 | $0.7710 | $0.0001 | 12/14/2016 | 12/15/2016 | 12/15/2016 |
| 2015 | $0.2231 | $0.3572 | $0.0011 | 12/16/2015 | 12/17/2015 | 12/17/2015 |
| 2014 | $0.2227 | $0.7284 | $0.0000 | 12/17/2014 | 12/18/2014 | 12/18/2014 |
| 2013 | $0.1850 | $0.0000 | $0.0000 | 12/26/2013 | 12/27/2013 | 12/27/2013 |
| 2012 | $0.2197 | $0.0000 | $0.0000 | 12/26/2012 | 12/27/2012 | 12/27/2012 |
1 The portion of the Income distribution considered a Qualified Dividend distribution will be reported in conjunction with Form 1099-DIV.