Experienced Team of Value Investors

Nicholas F. Galluccio is Portfolio Manager of the Teton Small Cap Select Value Strategy and the Keeley Teton Small-Mid Cap Value Strategy. Mr. Galluccio joined Teton Advisors, Inc. in 2008, after a 25-year career at Trust Company of the West (TCW) where he was Group Managing Director, U.S. Equities, and led the investment team for the TCW SmallCap Value Added and TCW MidCap Value Opportunities equity strategies. He was senior portfolio manager and co-managed both strategies since their inception. Mr. Galluccio served on the TCW Asset Management Company (TAMCO) Board of Directors. Prior to TCW, he was with Lehman Brothers Kuhn Loeb where he was a security analyst specializing in the semiconductor industry. Prior to Lehman Brothers, Mr. Galluccio was a staff writer for Forbes magazine. He holds an M.B.A. from Columbia Business School, an M.A. from Columbia University and a B.A. from the University of Hartford. He serves on the University of Hartford Board of Regents and on the Executive Advisory Board of the Columbia Business School Program for Financial Studies.

Scott R. Butler is Portfolio Manager of the Teton Small Cap Select Value Strategy and the Keeley Teton Small-Mid Cap Value Strategy. Mr. Butler joined Teton Advisors, Inc. in 2010, bringing with him eight years of investment experience. Prior to that, he worked at Trust Company of the West (TCW) on the small and mid-cap portfolio management teams as a special situations generalist with a focus on software, industrial and medical technology sectors. Mr. Butler began as an analyst at Intrepid Capital Management in 2001, covering the video game and software industries. Mr. Butler holds a B.A. from Claremont McKenna College and a B.S. from Columbia University.

Mr. Browne joined Keeley Teton Advisors, LLC (“Keeley Teton”) with over 32 years of investment experience on March 1, 2017. Prior to joining Keeley Teton, Mr. Browne served as a Portfolio Manager (2009-2017) with Keeley Asset Management Corp. (“KAMCO”). While employed by KAMCO, Mr. Browne managed client portfolios for KAMCO’s historical clients in a manner consistent with the strategies he currently manages for Keeley Teton. Before joining KAMCO, Mr. Browne was a Portfolio Manager in charge of Oppenheimer Capital’s small-cap core and small-cap value strategies. Before that, Mr. Browne managed a mid-cap portfolio for SEB Asset Management and was an analyst at small-cap investment firm Palisade Capital Management. Earlier in his career, Mr. Browne was a sell-side technology services analyst for Prudential Securities and was twice recognized in the Wall Street Journal’s Best on the Street survey. Mr. Browne earned his M.B.A. from New York University Stern School of Business and his B.B.A. from the University of Notre Dame. In addition, Mr. Browne holds the Chartered Financial Analyst designation from the CFA Institute.

Mr. Leonard joined Keeley Teton Advisors, LLC (“Keeley Teton”) with over 19 years of investment experience on March 1, 2017. Prior to joining Keeley Teton, Mr. Leonard served as a Portfolio Manager (2004-2017) and Research Analyst and Client Service Associate (2004-2009) with Keeley Asset Management Corp. (“KAMCO”). While employed by KAMCO, Mr. Leonard managed client portfolios for KAMCO’s historical clients in a manner consistent with the strategies he currently manages for Keeley Teton. Before joining KAMCO, Mr. Leonard was an Associate with CRA RogersCasey from 1998 to 2004. Brian earned his M.S. in finance from St. Xavier University’s Graham School of Management and his B.S. from DePaul University. In addition, Mr. Leonard holds the Chartered Financial Analyst designation from the CFA Institute.

Mr. Goldsborough joined Keeley Teton Advisors, LLC (“Keeley Teton”) with over 16 years of investment experience on March 1, 2017. Prior to joining Keeley Teton, Mr. Goldsborough served as a Research Analyst (2016-2017) with KAMCO. While employed by KAMCO, Mr. Goldsborough provided research to client portfolios for KAMCO’s historical clients in a manner consistent with the manner he employs research for Keeley Teton. Before joining KAMCO, Mr. Goldsborough was an Investment Analyst (2010-2016) at Morningstar, Inc. Prior to Morningstar, Mr. Goldsborough was a Vice President, Research and a Member of the Investment Committee at Ariel Investments, where he began in 2001. Mr. Goldsborough earned his B.A. from Knox College in 1992, his M.S. from Northwestern University in 1994, and his M.B.A. from the University of Chicago in 2001.

Mr. Chin joined Keeley Teton Advisors, LLC (“Keeley Teton”) with over 31 years of investment experience on March 1, 2017. Prior to joining Keeley Teton, Mr. Chin served as the Chief Investment Officer (2015-2017) and a Portfolio Manager (2013-2017) with Keeley Asset Management Corp. (“KAMCO”). While employed by KAMCO, Mr. Chin managed client portfolios for KAMCO’s historical clients in a manner consistent with the strategies he currently manages for Keeley Teton. Before joining KAMCO, Mr. Chin was a Senior Vice President, Senior Analyst/Portfolio Manager at Cramer Rosenthal McGlynn, LLC (CRM). In this role, Mr. Chin co-managed the firm’s all-cap strategy, small-cap value strategy and large cap value strategy and was the sector team lead for the Technology/Telecommunications Group, as well as a senior member of the Business Services and Consumer Discretionary sector teams. In addition, Mr. Chin was a member of CRM’s Risk Management Committee. Mr. Chin began his career as an investment banking analyst in the Mergers and Acquisitions department at Morgan Stanley (1986-1988) and was an associate in the risk arbitrage trading department at Credit Suisse First Boston (1988-1989). Mr. Chin earned his Bachelor of Applied Science (B.A.Sc.) in Electrical Engineering from Columbia University in 1986.

Mr. Keeley joined Keeley Teton Advisors, LLC (“Keeley Teton”) with over 24 years of investment experience on March 1, 2017. Prior to joining Keeley Teton, Mr. Keeley served as a Portfolio Manager (2006-2017) with Keeley Asset Management Corp. (“KAMCO”). While employed by KAMCO, Mr. Keeley managed client portfolios for KAMCO’s historical clients in a manner consistent with the strategies he currently manages for Keeley Teton. Before joining KAMCO, Mr. Keeley was a Vice President in Research and Trading with Mid-Continent Capital Management, LLC. Prior to this role, Mr. Keeley held various positions at ABN AMRO and The Chicago Corporation. Mr. Keeley earned his M.B.A. from Loyola University – Chicago and his B.A. from the University of Colorado – Boulder. In addition, he holds the Chartered Financial Analyst designation from the CFA Institute.

Mr. Borland joined Keeley Teton Advisors, LLC (“Keeley Teton”) with over 21 years of investment experience on March 1, 2017. Prior to joining Keeley Teton, Mr. Borland served as a Research Analyst (2011-2017) with Keeley Asset Management Corp. (“KAMCO”). While employed by KAMCO, Mr. Borland provided research to client portfolios for KAMCO’s historical clients in a manner consistent with the manner he employs research for Keeley Teton. Before joining KAMCO, Mr. Borland was the Director of Research (2005-2016) at Hudson Securities. Prior to that, Mr. Borland served as an Analyst at Fiduciary Management Associates, Inc. Mr. Borland received his M.B.A. from Lake Forest Graduate School of Management in 2006, and received his B.S. in Business Administration from the University of Denver in 1993.

Mr. Keeley joined Keeley Teton upon its operational inception on March 1, 2017 and has 25 years of marketing and management experience. Prior to that date, Mr. Keeley served as President (2015-2017) of Keeley Asset Management Corp. (“KAMCO”), the firm founded by his late father, John L. Keeley, Jr. Before joining KAMCO, Mr. Keeley was National Sales Manager at Qwest Communications International, Inc. Mr. Keeley has a B.A. from Indiana University.

Ms. Marotz joined Keeley Teton upon its operational inception on March 1, 2017 and has 15 years of chief compliance officer advisory experience. Prior to that date, Ms. Marotz served as the Chief Compliance Officer (2015-2017) of Keeley Asset Management Corp. (“KAMCO”) and the Keeley Funds, Inc. Before joining KAMCO, Ms. Marotz was the Chief Compliance Officer for Invesco PowerShares Capital Management, LLC, serving in that role for seven years. Prior to Invesco PowerShares, Ms. Marotz was the Chief Compliance Officer for Skyline Asset Management and the Skyline Funds. Ms. Marotz has a B.S. from Eastern Illinois.