DISTRIBUTION AGREEMENTDistribution Agreement • December 15th, 2011 • Chou America Mutual Funds • New York
THIS AGREEMENT is made as of June 30, 2011, between Chou America Mutual Funds (“Fund”), a Delaware statutory trust, Chou America Management Inc., a Canadian corporation (“Adviser”) and Rafferty Capital Markets, LLC, (“RCM”), a corporation organized and existing under the laws of the State of New York.
