SUBADVISORY AGREEMENTSubadvisory Agreement • April 25th, 2016 • American Pension Investors Trust • Virginia
THIS AGREEMENT, entered into as of April 29, 2016, by and between Yorktown Management & Research Company, Inc., a Maryland corporation (the “Adviser”), and Vericimetry Advisors, LLC, a Delaware limited liability company (the “Subadviser”).
INVESTMENT ADVISORY AGREEMENTInvestment Advisory Agreement • April 25th, 2016 • American Pension Investors Trust • Massachusetts
THIS AGREEMENT, entered into as of April 29, 2016, by and between American Pension Investors Trust, a Massachusetts business trust (the “Trust”), and Yorktown Management & Research Company, Inc., a Maryland corporation (the “Adviser”), registered as an investment adviser under the Investment Advisers Act of 1940, as amended.
