Ultimus Press Release

London-based Silk Investment Ltd Selects Ultimus Fund Solutions to Provide Mutual Fund Services

Firm Leverages Ultimus’ Reorganization Expertise and Knowledge

CINCINNATI, OHIO – September 24, 2018 Ultimus Fund Solutions LLC (Ultimus®), one of the largest independent providers of fund servicing, is pleased to announce the reorganization and conversion of Silk Invest Ltd.’s mutual fund into Ultimus’ sponsored Unified Series Trust. Silk Invest, a London-based firm, chose Ultimus to provide a full suite of mutual fund services for the $60M+ AUM Silk Invest New Horizons Frontier Fund (Fund).

Silk Invest, founded in 2008, is a London headquartered investment management boutique specializing in frontier market public equities across Africa, the Middle East, LATAM and Asia, investing in local companies with sustainable and scalable business models. Silk Invest’s reorganization into Unified Series Trust was initiated when Silk took over as the Adviser for the Fund, for which it previously served as sub-adviser. The firm selected Ultimus based on its competence, reorganization capabilities, and experience; in the past 18 months Ultimus reorganized three other clients from unrelated trusts into Ultimus-sponsored series trusts.

“We were deeply impressed with Ultimus’ knowledge and proficiency with fund reorganizations, which made our experience incredibly smooth,” said Judah Plotner, Managing Director and Head of U.S. Business Development at Silk Invest. “Ultimus’ tax expertise and ability to customize their solutions around our specific international needs makes it very easy for global firms such as Silk Invest to conduct business in the U.S. This type of partnership has allowed our transition onto the Ultimus platform to be nothing short of successful with their methodical management and oversight.”

“We were delighted to help Silk Invest with this endeavor and anticipate this will be a long-term, beneficial relationship for both of us,” said Dave Carson, President of Unified Series Trust and VP, Director of Client Strategies of Ultimus. “It is exciting to have an investment manager client with roots in the UK/European marketplace and we look forward to expanding our services overseas.”

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About Ultimus Fund Solutions
Ultimus Fund Solutions provides highly customized and comprehensive middle and back office services to investment advisers. Ultimus’ high-quality services include solutions for mutual funds, separately managed accounts, private investment funds and other pooled investment structures.

Our offering comes with a deep commitment to excellence, achieved through our investments in both talent and technology, with constant focus on maintaining our boutique service culture. As a result, Ultimus has stood out as an award-winning, trusted business partner to investment advisers and fund families since 1999.

Ultimus’ comprehensive service solutions are performed by seasoned teams of accountants, attorneys, paralegals, application developers and other professionals with a wealth of financial services experience. For more information, visit www.ultimusfundsolutions.com.

The Fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the Fund, and it should be read carefully before investing. To obtain a prospectus, call 888-825-2100.

The Silk Invest New Horizons Frontier Fund is distributed by Ultimus Fund Distributors, LLC.

Investing involves risk, including loss of principal. There is no guarantee that the Fund will meet its investment objectives. Investment in international markets present special risks, including currency fluctuation, the potential for diplomatic and political instability, regulatory and liquidity risks, foreign taxation, and differences in auditing and other financial standards. Risks of foreign investing are generally intensified for investments in emerging markets.

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