# EDGAR Filing Document

**Accession Number:** 0000789280
**File Stem:** 0001435109-23-000018
**Filing Date:** 2023-2
**Character Count:** 12283
**Document Hash:** 8e7158fa133481ce06a20d617ac1f4d3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001435109-23-000018.hdr.sgml**: 20230207

**ACCESSION NUMBER**: 0001435109-23-000018

**CONFORMED SUBMISSION TYPE**: N-8F

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230207

**DATE AS OF CHANGE**: 20230207

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CORNERCAP GROUP OF FUNDS /VA/
- **CENTRAL INDEX KEY:** 0000789280
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** N-8F
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04581
- **FILM NUMBER:** 23594537

**BUSINESS ADDRESS:**
- **STREET 1:** 1355 PEACHTREE STREET, N.E.
- **STREET 2:** SUITE 1700
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30309
- **BUSINESS PHONE:** 404-870-0700

**MAIL ADDRESS:**
- **STREET 1:** 3715 NORTHSIDE PWKY 100 NORTHCREEK
- **STREET 2:** STE 250
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30339

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CORNERCAP GROUP OF FUNDS  /VA/
- **DATE OF NAME CHANGE:** 19950808

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CORNERSTONE GROUP OF FUNDS /VA
- **DATE OF NAME CHANGE:** 19921124

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CORNERSTONE GROUP OF FUNDS
- **DATE OF NAME CHANGE:** 19921124

#### UNITED STATES

#### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

#### FORM N-8F

#### Application for Deregistration of Certain Registered Investment Companies.

I. General Identifying Information

1. Reason fund is applying to deregister (check only one; for descriptions, see Instruction I above):

#### [X] Merger
[] Liquidation

[ ] Abandonment of Registration (Note: Abandonments of Registration answer only questions 1 through 15,24 and 25 of this form and complete verification at the end of the form.)

[ ] Election of status as a Business Development Company (Note: Business Development Companies answer only questions I through 10 of this form and complete verification at the end of the form.)

&nbsp;&nbsp;&nbsp;&nbsp;2. Name of fund:

#### CornerCap Group of Funds ("Trust")
&nbsp;&nbsp;&nbsp;&nbsp;3. Securities and Exchange Commission File No.:

#### 811- 04581
&nbsp;&nbsp;&nbsp;&nbsp;4. Is this an initial Form N-8F or an amendment to a previously filed Form N-8F?

**[X] Initial Application** [] Amendment

&nbsp;&nbsp;&nbsp;&nbsp;5. Address of Principal Executive Office (include No. & Street, City, State, Zip Code):

#### 1355 Peachtree Street, N.E.<br> Suite 1700<br> Atlanta, GA 30309
&nbsp;&nbsp;&nbsp;&nbsp;6. Name, address, and telephone number of individual the Commission staff should contact with any questions regarding this form:

#### Zachary Tackett<br> Atlantic Fund Administration, LLC<br> Three Canal Plaza, Suite 600<br> Portland, ME 04101<br> (207) 347-2055
&nbsp;&nbsp;&nbsp;&nbsp;7. Name, address and telephone number of individual or entity responsible for maintenance and preservation of fund records in
 accordance with rules 31a-1 and 31a-2 under the Act [17 CFR 270.3 Ia-l, .3 1a-2]:

#### CornerCap Investment Counsel, Inc.

#### 1355 Peachtree Street, N.E.<br> Suite 1700<br> Atlanta, GA 30309<br> 404-870-0700

#### Atlantic Fund Administration, LLC and Atlantic Shareholder Services, LLC<br> Three Canal Plaza, Suite 600<br> Portland, ME 04101<br> 207- 347-2076

#### Foreside Fund Services, LLC

#### Three Canal Plaza, Suite 600<br> Portland, ME 04101

#### 1-866-251-6920

#### UMB Bank , N.A.

#### 985 Grand Avenue<br> Kansas City, MO 64105<br> 816-860-7753
NOTE: Once de registered, a fund is still required to maintain and preserve the records described in rules 31a-l and 31a-2 for the periods specified in those rules.

&nbsp;&nbsp;&nbsp;&nbsp;8. Classification of fund (check only one):

**[X] Management company**; [ ] Unit investment trust; or [ ] Face-amount certificate company.

&nbsp;&nbsp;&nbsp;&nbsp;9. Subclassification if the fund is a management company (check only one):

**[X] Open-end []** Closed-end

&nbsp;&nbsp;&nbsp;&nbsp;10. State law under which the fund was organized or formed (e.g., Delaware, Massachusetts):

#### Massachusetts
&nbsp;&nbsp;&nbsp;&nbsp;11. Provide the name and address of each investment adviser of the fund (including sub-advisers) during the last five years, even
 if the fund's contracts with those advisers have been terminated:

#### CornerCap Investment Counsel, Inc.

#### 1355 Peachtree Street, N.E.

#### Suite 1700

#### Atlanta, GA 30309

&nbsp;&nbsp;&nbsp;&nbsp;12. Provide the name and address of each principal underwriter of the fund during the last five years, even if the fund's contracts
 with those underwriters have been terminated:

#### Foreside Fund Services, LLC

#### Three Canal Plaza, Suite 600<br> Portland, ME 04101

&nbsp;&nbsp;&nbsp;&nbsp;13. If the fund is a unit investment trust ("UlT") provide:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Depositor's name(s) and addressees):

#### N/A
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Trustee's name(s) and address(es):

&nbsp;&nbsp;&nbsp;&nbsp;14. Is there a UIT registered under the Act that served as a vehicle for investment in the fund (e.g., an insurance company separate account)?

[] Yes **[X] No**

If Yes, for each UIT state: **N/A**

Name(s):

File No.:

Business Address:

&nbsp;&nbsp;&nbsp;&nbsp;15. (a) Did the fund obtain approval from the board of directors concerning the decision to engage in a Merger, Liquidation or Abandonment of Registration?

**[X] Yes** [] No

If Yes, state the date on which the board vote took place:

#### August 1, 2022
If No, explain: N/A

(b) Did the fund obtain approval from the shareholders concerning the decision to engage in a Merger, Liquidation or Abandonment of Registration?

**[X] Yes** [] No

If Yes, state the date on which the shareholder vote took place: **November 4, 2022**

If No, explain: **N/A**

II. Distributions to Shareholders

&nbsp;&nbsp;&nbsp;&nbsp;16. Has the fund distributed any assets to its shareholders in connection with the Merger or Liquidation?

**[X] Yes** [] No

(a) If Yes, list the date(s) on which the fund made those distributions:

#### November 18, 2022
(b) Were the distributions made on the basis of net assets?

**[X] Yes** [] No

(c) Were the distributions made pro rata based on share ownership?

**[X] Yes** [] No

&nbsp;&nbsp;&nbsp;&nbsp;(d) If No to (b) or (c) above, describe the method of distributions to shareholders. For Mergers, provide the exchange ratio(s) used and explain how it was calculated:

**Shareholders of the target fund received a number of full and fractional shares of the Institutional Class of the acquiring fund equal in aggregate net asset value to such shareholder's shares of the target fund held at the time of the exchange.**

&nbsp;&nbsp;&nbsp;&nbsp;(e) Liquidations only: **N/A** 

Were any distributions to shareholders made in kind?

[] Yes [] No

If Yes, indicate the percentage of fund shares owned by affiliates, or any other affiliation of shareholders: **N/A**

&nbsp;&nbsp;&nbsp;&nbsp;17. Closed-end funds only: **N/A** 

Has the fund issued senior securities?

[] Yes [] No

If Yes, describe the method of calculating payments to senior security holders and distributions to other shareholders:

18. Has the fund distributed all of its assets to the fund's shareholders?

**[X] Yes** [] No

If No,

(a) How many shareholders does the fund have as of the date this form is filed? **N/A**

(b) Describe the relationship of each remaining shareholder to the fund: **N/A**

19. Are there any shareholders who have not yet received distributions in complete liquidation of their interests?

[] Yes **[X] No**

If Yes, describe briefly the plans (if any) for distributing to, or preserving the interests of, those shareholders:

III. Assets and Liabilities

20. Does the fund have any assets as of the date this form is filed?

(See question 18 above)

[] Yes **[X] No**

If Yes,

(a) Describe the type and amount of each asset retained by the fund as of the date this form is filed: **N/A**

(b) Why has the fund retained the remaining assets? **N/A**

(c) Will the remaining assets be invested in securities? **N/A**

[] Yes [] No

&nbsp;&nbsp;&nbsp;&nbsp;21. Does the fund have any outstanding debts (other than face-amount certificates if the fund is a face-amount certificate company) or any other liabilities?

[X] Yes **[X] No**

If Yes,

(a) Describe the type and amount of each debt or other liability: **N/A**

(b) How does the fund intend to pay these outstanding debts or other liabilities? **N/A**

IV. Information About Event(s) Leading to Request For Deregistration

22. (a) List the expenses incurred in connection with the Merger or Liquidation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Legal expenses: **$0**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Accounting expenses: **$0**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Other expenses (list and identify separately): **$0**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Total expenses (sum of lines (i)-(iii) above): **$0**

(b) How were those expenses allocated? **N/A. All expenses incurred in connection with the Merger were borne by the investment adviser**.

(c) Who paid those expenses?

#### Merger expenses were directly borne by the Trust's investment adviser.
(d) How did the fund pay for unamortized expenses (if any)?

#### N/A.
&nbsp;&nbsp;&nbsp;&nbsp;23. Has the fund previously filed an application for an order of the Commission regarding the Merger or Liquidation?

[] Yes **[X] No**

If Yes, cite he release numbers of the Commission's notice and order or, if no notice or order has been issued, the file number and date the application was filed:

V. Conclusion of Fund Business

&nbsp;&nbsp;&nbsp;&nbsp;24. Is the fund a party to any litigation or administrative proceeding?

[] Yes **[X] No**

If Yes, describe the nature of any litigation or proceeding and the position taken by the fund in that litigation: **N/A**

&nbsp;&nbsp;&nbsp;&nbsp;25. Is the fund now engaged, or intending to engage, in any business activities other than those necessary for winding up its
 affairs?

[] Yes **[X] No**

If Yes, describe the nature and extent of those activities: **N/A**

VI. Mergers Only

26. (a) State the name of the fund surviving the Merger: **CornerCap Small-Cap Value Fund ("Acquiring Fund"), a series of Managed Portfolio Series ("Acquiring Trust")**

(b) State the Investment Company Act file number of the fund surviving the Merger: -**811-22525**

(c) If the merger or reorganization agreement has been filed with the Commission, state the file number(s), form type used and date the agreement was filed:<br>**File No. 333-267072**<br> **Form type: N-14/A**<br> **Date: 2022-09-28**<br> **SEC Accession No. 0000894189-22-007262**

(d) If the merger or reorganization agreement has not been filed with the Commission, provide a copy of the agreement as an exhibit to this form.

------

#### VERIFICATION

The undersigned states that (i) he has executed this Form N-8F application for an order under section 8(f) of the Investment Company Act of 1940 on behalf of CornerCap Group of Funds, (ii) he is the **<u>President</u>** of CornerCap Group of Funds, and (iii) all actions by shareholders, directors, and any other body necessary to authorize the undersigned to execute and file this Form N-8F application have been taken. The undersigned also states that the facts set forth in this Form N-8F are true to the best of his knowledge, information, and believe.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Signature)

<u>/s/ Thomas E. Quinn</u> 

Thomas E. Quinn

President, Treasurer

CornerCap Group of Funds

<br>