BNC BANCORP

CUSIP: 05566T101 Class: COM

EMERALD MUTUAL FUND ADVISERS TRUST's Holding History (CIK: 0001352895)

Note: Option positions (PUT/CALL) are excluded.

Q1 2017
Shares 171,605 Value ($000) $6,015 Avg Close — Range —
Q4 2016
Shares 171,605 Value ($000) $5,474 Avg Close — Range —
Q3 2016
Shares 171,605 Value ($000) $4,173 Avg Close — Range —
Q2 2016
Shares 171,605 Value ($000) $3,897 Avg Close — Range —
Q1 2016
Shares 171,605 Value ($000) $3,624 Avg Close — Range —
Q4 2015
Shares 215,845 Value ($000) $5,478 Avg Close — Range —
Q3 2015
Shares 133,495 Value ($000) $2,968 Avg Close — Range —
Q2 2015
Shares 95,070 Value ($000) $1,838 Avg Close — Range —
Q1 2015
Shares 95,070 Value ($000) $1,786 Avg Close — Range —
Q4 2014
Shares 95,070 Value ($000) $1,636 Avg Close — Range —
Q3 2014
Shares 95,070 Value ($000) $1,489 Avg Close — Range —
Q2 2014
Shares 95,070 Value ($000) $1,623 Avg Close — Range —
Q1 2014
Shares 95,070 Value ($000) $1,648 Avg Close — Range —
Q4 2013
Shares 56,800 Value ($000) $941 Avg Close — Range —