West Chester Capital Advisors®, Inc. is a SEC-registered investment advisor with our principal place of business located in Johnstown, PA. West Chester Capital Advisors®, Inc. began conducting business in 1994. West Chester Capital Advisors®, Inc. is a wholly owned subsidiary of AmeriServ Financial Bank®. AmeriServ Financial Bank® is a wholly owned subsidiary of AmeriServ Financial®, Inc., a publicly held bank holding company. West Chester Capital Advisors®, Inc. (“WCCA”) offers the following advisory services to our clients: INDIVIDUAL PORTFOLIO MANAGEMENT Our Firm provides asset management of client funds based on the individual needs of the client. Through personal discussions in which goals and objectives based on the client's particular circumstances are established, we develop the client's personal investment policy. We create and manage a portfolio based on that policy. During our data-gathering process, we determine the client’s individual objectives, time horizons, risk tolerance, and liquidity needs. As appropriate, we also review and discuss a client’s prior investment history, as well as family composition and background. We manage advisory accounts on a discretionary or non-discretionary basis. Account supervision is guided by the client's stated objectives (i.e., maximum capital appreciation, growth, income, or growth and income), as well as tax considerations. Clients have the option to impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors. Our investment recommendations are not limited to any specific product or service offered by a broker-dealer or insurance company and will generally include advice regarding the following securities:  Exchange-listed securities  Securities traded over-the-counter  Foreign issuers  Warrants  Corporate debt securities (other than commercial paper)  Certificates of deposit  Municipal securities  Exchange Traded Funds  Mutual fund shares  United States governmental securities  Interests in partnerships investing in oil and gas interests Because some types of investments involve certain additional degrees of risk, they will only be implemented when consistent with the client's stated investment objectives, tolerance for risk, liquidity and suitability. INVESTMENT MANAGEMENT & ADVISORY SERVICES AmeriServ Trust and Financial Services Company® (“ATFSC”), an affiliate, provides services which include trust and estate administration, agency, pension, profit-sharing, 401(k) and 403(b) plans as well as custom designed accounts and non-qualified plans for special purposes. WCCA provides investment management services for all of ATFSC’s discretionary investment assets and is compensated in accordance with the applicable Investment Advisory Contract. PATHROAD ACCOUNT® FAMILY OF FUNDS (COLLECTIVE TRUST FUNDS) West Chester Capital Advisors®, Inc. provides investment advisory services under agreement with ATFSC to the Pathroad Account® Family of Funds. The Pathroad Account® Family of Funds are collective trust funds maintained by ATFSC, trustee of the Funds. Collective trust funds are not registered under the Investment Company Act of 1940 and investments can only be made through a qualified retirement plan. IRA Rollover Recommendations When we provide investment advice regarding

a retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with client interests, so we operate under a special rule that requires us to act in the best interest of our clients and not put our interest ahead of theirs. Under this special rule’s provisions, we must:  Meet a professional standard of care when making investment recommendations (give prudent advice);  Never put our financial interests ahead of clients’ interests when making recommendations (give loyal advice);  Avoid misleading statements about conflicts of interest, fees, and investments;  Follow policies and procedures designed to ensure that we give advice that is in the best interest of our clients;  Charge no more than is reasonable for our services; and  Give basic information about conflicts of interest. Investors considering rolling over assets from a qualified employer-sponsored retirement plan (“Employer Plan”) to an Individual Retirement Account (“IRA”) should review and consider the advantages and disadvantages of an IRA rollover from their Employer Plan. A plan participant leaving an employer typically has four options (and may engage in a combination of these options): (1) Leave the money in the former employer’s plan, if permitted; (2) Rollover the assets to a new employer’s plan (if available and rollovers are permitted); (3) Rollover Employer Plan assets to an IRA; or, (4) Cash out the Employer Plan assets and pay the required taxes on the distribution. At a minimum, investors should consider fees and expenses, investment options, services, penalty-free withdrawals, protection from creditors and legal judgments, required minimum distributions, and employer stock. WCCA encourages investors to discuss their options and review the above listed considerations with an accountant, third-party administrator, investment advisor to the Employer Plan (if available), or legal counsel, to the extent it is considered necessary. By recommending that an investor rollover Employer Plan assets to an IRA, WCCA and the financial advisor earn fees based on the terms of the Investment Advisory Contract. In contrast, leaving assets in an Employer Plan or rolling the assets to a plan sponsored by a new employer likely results in little or no compensation to us. WCCA has an economic incentive to encourage investors to rollover Employer Plan assets into an IRA managed by us. Investors can face increased fees when they move retirement assets from an Employer Plan to a Rollover IRA account. There will be costs associated with the investment management of the IRA rollover. In addition to the fees charged by WCCA, the underlying investment (mutual fund, ETF, annuity, or other investment) charges a management fee. Custodial and trading fees also apply. Investing in an IRA with WCCA can be more expensive than an Employer Plan. Additional resources about IRA Rollovers are available to investors through FINRA’s web site at www.finra.org. AMOUNT OF MANAGED ASSETS As of December 31, 2023, West Chester Capital Advisors®, Inc. manages $1,115,288,536 of regulatory assets under management on a discretionary basis.