Ultimus Acquires Huntington Bancshares’ Fund Servicing Business,

Acquisition Increases Ultimus’ Fund Administration Footprint

CINCINNATI, OHIO – NOVEMBER 16, 2015 – Ultimus Fund Solutions, LLC (Ultimus), a leading provider of services to mutual funds and investment advisers, today announced the acquisition of Huntington Asset Services, Inc (HASI) and Unified Financial Services, Inc. (Unified) from Huntington Bancshares Inc.

Ultimus, based in Cincinnati, Ohio, will open and maintain new offices in Columbus, Ohio and Indianapolis, Indiana, where HASI and Unified currently operate.

“We are very excited to announce this acquisition and look forward to speaking with HASI clients over the coming weeks. HASI clients can be assured that we are committed to providing them with the best in class servicing that has been a hallmark of Ultimus since its founding. We are also excited about welcoming new passionate professionals to our team as we continue to grow and expand our footprint,” commented Bob Dorsey, Co-Founder and Chief Executive Officer of Ultimus.

The transaction is subject to customary closing conditions and is expected to close by the end of 2015.

About Ultimus Fund Solutions, LLC

Ultimus Fund Solutions provides highly customized and comprehensive middle and back office services to small and mid-sized advisers. Ultimus offers mutual fund startup and organization services, fund administration, fund accounting, transfer agent and distribution services for both open-end and closed-end funds.

Ultimus’ middle office service solution encompasses managing the technology infrastructure and operations required to manufacture the data needed for front office decision support platforms and enabling delivery of comprehensive reporting to advisers, investors, and regulators. Ultimus’ broad range of services are performed by teams of CPAs, attorneys, paralegals and other professionals with a wealth of industry experience.

For more information, visit www.ultimusfundsolutions.com.