<SEC-DOCUMENT>0001144204-17-065122.txt : 20171222
<SEC-HEADER>0001144204-17-065122.hdr.sgml : 20171222
<ACCEPTANCE-DATETIME>20171222163537
ACCESSION NUMBER:		0001144204-17-065122
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20171219
ITEM INFORMATION:		Changes in Registrant's Certifying Accountant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20171222
DATE AS OF CHANGE:		20171222

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMREP CORP.
		CENTRAL INDEX KEY:			0000006207
		STANDARD INDUSTRIAL CLASSIFICATION:	PERIODICALS:  PUBLISHING OR PUBLISHING AND PRINTING [2721]
		IRS NUMBER:				590936128
		STATE OF INCORPORATION:			OK
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04702
		FILM NUMBER:		171273034

	BUSINESS ADDRESS:	
		STREET 1:		620 WEST GERMANTOWN PIKE
		STREET 2:		SUITE 175
		CITY:			PLYMOUTH MEETING
		STATE:			PA
		ZIP:			19462
		BUSINESS PHONE:		610-487-0905

	MAIL ADDRESS:	
		STREET 1:		620 WEST GERMANTOWN PIKE
		STREET 2:		SUITE 175
		CITY:			PLYMOUTH MEETING
		STATE:			PA
		ZIP:			19462

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMREP CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN REALTY & PETROLEUM CORP
		DATE OF NAME CHANGE:	19671019
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>tv481791_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 12pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->


<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>PURSUANT TO SECTION 13 OR 15(d) OF THE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Date of Report (Date of earliest event
reported):&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;December 19, 2017&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: black 1pt solid; text-align: center; font-size: 14pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>AMREP CORPORATION</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>(Exact name of Registrant as specified in its charter)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Oklahoma</B></FONT></TD>
    <TD STYLE="width: 30%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>1-4702</B></FONT></TD>
    <TD STYLE="width: 35%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>59-0936128</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>(State or other jurisdiction of</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>(Commission File</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>(IRS Employer</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>incorporation)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Number)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Identification No.)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="vertical-align: top; width: 65%; border-bottom: black 1pt solid; text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>620 West Germantown Pike, Suite 175</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Plymouth Meeting, PA</B></P></TD>
    <TD STYLE="vertical-align: bottom; width: 35%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>19462</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>(Address of principal executive offices)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>(Zip Code)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Registrant&rsquo;s telephone number, including
area code:&nbsp;&nbsp;<U>(610) 487-0905</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>(Former name or former address, if changed since last report)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction
A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant is an emerging
growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (&sect;230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (&sect;240.12b-2 of this chapter).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Emerging growth company <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 12pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 4.01 Changes in Registrant&rsquo;s Certifying Accountant.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">(a)</TD><TD>Previous independent registered public accounting firm.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On December 19, 2017, AMREP Corporation
(the &ldquo;Company&rdquo;) dismissed RSM US LLP (&ldquo;RSM&rdquo;) as the Company&rsquo;s independent registered public accounting
firm. The Audit Committee of the Company&rsquo;s Board of Directors approved the dismissal of RSM. The audit reports of RSM on
the consolidated financial statements of the Company for each of the two most recent fiscal years ended April 30, 2017 and April
30, 2016 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit
scope or accounting principles. During the Company&rsquo;s two most recent fiscal years ended April 30, 2017 and April 30, 2016
and during the subsequent interim period from May 1, 2017 through December 19, 2017, (i) there were no disagreements with RSM on
any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures that, if not resolved
to RSM&rsquo;s satisfaction, would have caused RSM to make reference to the subject matter of the disagreement in connection with
its reports and (ii) there were no &ldquo;reportable events&rdquo; (as defined in Item 304(a)(1)(v) of Regulation S-K). The Company
provided RSM with a copy of the disclosures in this report prior to filing with the Securities and Exchange Commission. A copy
of RSM&rsquo;s letter dated December 22, 2017 to the Securities and Exchange Commission, stating whether it agrees with the statements
made in this report, is filed as Exhibit 16.1 to this report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">(b)</TD><TD>Appointment of new independent registered public accounting
firm.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On December 19, 2017, the Audit Committee
of the Company&rsquo;s Board of Directors engaged Marcum LLP (&ldquo;Marcum&rdquo;) as the Company&rsquo;s independent registered
public accounting firm for the fiscal year ending April 30, 2018. During the Company&rsquo;s two most recent fiscal years ended
April 30, 2017 and April 30, 2016 and during the subsequent interim period from May 1, 2017 through December 19, 2017, neither
the Company nor anyone on the Company&rsquo;s behalf consulted Marcum regarding either (i) the application of accounting principles
to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company&rsquo;s
financial statements, and neither a written report nor oral advice was provided to the Company that Marcum concluded was an important
factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue, or (ii) any
matter that was either the subject of a &ldquo;disagreement&rdquo; (as defined in Item 304(a)(1)(iv) of Regulation S-K) or a &ldquo;reportable
event&rdquo; (as defined in Item 304(a)(1)(v) of Regulation S-K).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 387.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white"><B>Item 9.01&nbsp;Financial
Statements and Exhibits.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">(d)</TD><TD>Exhibits.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Exhibit Number</U></FONT></TD>
    <TD STYLE="width: 80%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Description</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><A HREF="tv481791_ex16-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif">16.1</FONT></A></TD>
    <TD STYLE="text-align: center"><A HREF="tv481791_ex16-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt">Letter, dated December 22, 2017, from RSM US LLP.</FONT></A></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>AMREP Corporation</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 51%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 30%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Date: December 22, 2017</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid">/s/ Christopher V. Vitale</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Name: Christopher V. Vitale</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Title: President and Chief Executive Officer</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>EXHIBIT INDEX</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Exhibit Number</U></FONT></TD>
    <TD STYLE="width: 80%; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Description</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; font-size: 10pt"><A HREF="tv481791_ex16-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif">16.1</FONT></A></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><A HREF="tv481791_ex16-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt">Letter, dated December 22, 2017, from RSM US LLP.</FONT></A></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-16.1
<SEQUENCE>2
<FILENAME>tv481791_ex16-1.htm
<DESCRIPTION>EXHIBIT 16.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 16.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><IMG SRC="rsm_logo.jpg"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">201 First St SE<BR>
Suite 800<BR>
Cedar Rapids, IA 52401</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">T +1 319 298 5333<BR>
F +1 319 366 6970</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">www.rsmus.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">December 22, 2017</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Commissioners:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We have read AMREP Corporation&rsquo;s statements included under
Item 4.01 of its Form 8-K filed on December 22, 2017 and we agree with such statements concerning our firm.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">/s/ RSM US LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="rsm_footer.jpg"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>rsm_footer.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 rsm_footer.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  (! 0(! 0(" @(" @(" P4# P,#
M P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_
MVP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# S_P  1" !B J,# 2(  A$! Q$!_\0
M'P   04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($ P4%
M! 0   %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$  P$! 0$!
M 0$! 0        $" P0%!@<("0H+_\0 M1$  @$"! 0#! <%! 0  0)W  $"
M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#]^I'$2%CT
M49->7>$/VU/AKX\\66VAZ5XADN=4O)%BB@.F7<9+'H"6B 7/J2!7J=>0?#32
M;NV_;!^)MY);7"6=SI^E)#,T9$<I6-MP5NAQGG%,#K[#X^>$M3\!V7B:#5UD
MT/4;O[#;W0@E DF\QHMNW;N'SJPR1CC.<<U@6_[9'PYNO'A\,QZ_(^M+?G2S
M NFW9 N1)Y9C+^5L^]QG=COG'-?-?@7X.^,H/V8?"%V^MZ\MBOB99#X:;2HP
M+<"_E)<OM\W!&7Y_OX]*ZW]GWQ%?^!OC!XBL[[Q#XNTZWOO&M^Z:/'X;,UG=
MK+<;4D-SY995)(R=P "YZ9-.R ]^^+7[1W@WX&WEC;^*-7;3I]15GMD6SGN#
M*%QN/[I&QC/>F7_[37@/3?AS9>+)?$EC_8&HR>3:W**[M<2<_(D:J9"_!^4+
MGCI7!?M ^%?%.O\ [4'@&;PQ>QZ3-#IM^CW\^GF[@AR%.UAD $@$#)KE/$/P
M.N_V<O$_PQ\0S?VEXITW0-3U6\\03V5@6?[1>Q(B7"V\>[$:%.V=N,CD@460
M'LVB?M.>!?$6D:7?6?B"WFMM9U)='M6\F52;QN5@=2H:-SV#A:L3?M%>"[>'
MQ.[Z[;A?!LBQ:R?*D_T)F=D4'Y?FRRL/ESR*^</&'@G6?'6@_%?X@Z5HNI10
M3:WH^L^'+2\M'@GFDL1LFF6(C< X=V!QS]<UQ-C\'?%%WKF@PW&BW;VOQI>*
M\\2J8GQ9LFK/=$MQQB%T&#CH?>BR ^J/%G[9_P -_!'BJXT34_$$L&J6NSSH
M%TR[E,>] ZY*1$<JP/7]0:E\8_MC?#CX?^-KKP[K'B1;'5K*1(KB-[*Y*0LX
M#+ND$909##G=BO%+OQ#J'P]_:I^(E[/XA\7^'M/N]1LYEM]/\-G4(=32.W3<
M-_EL5[CY>?F/I69\8_!GCZ3QG\:)]&,X\.ZC?Z?%J=G'IHENKZT:!4EDMW;@
ML@W9 Z YR,<ED!];>*/'&D>"_"TVMZIJ-K9:3;H)'NI''E[6P%P>^20 !U)&
M.M<CX<_:K\ >+?#6L:M8>(8I;/08A-?[K::.:W0]&,3()"IR,$*>HKD/VD_!
M$FH_LY>%1X:L=0UC3/#-[IFH&QCB+W-]8P#!CV, 68J5)4C/!XSQ7G7QD:[^
M./BWQGXJ\/Z'K<6DP>!9-$-S=Z=+;27ET]TLBQI&ZAG"CDGL5QT()20'OOPF
M_:3\&?'&_N+;PQJTFHS6L7G2AK&XMP$R!D&6-0>2.AK)MOVSOAI=>.&\.#Q/
M$FK+>MIQCEL[B.,7"L5,?FM&(\Y!_BJ[^SKX.\5^$_!MO_PDWBO_ (2-;BSM
MOLL)TB.P;3P$.Y#L)+GE1\V,;/<U\E'2-=^W:[IL7_"5:K<'Q]/J-OX8;1'%
MA?)]J'[Q[H %5*Y[E<*,C!S323 ^JO$/[8WPZ\+>-;CP[>Z_)'J]K/\ 9I8$
MTVZE"29QM+K$5_6M?7/VC?!?AJ21;_7(;7R=770I&DAD"QWC*7$9;;@#:K'=
MG:,<D5X%X=\07_@/]HKQJ]QXC\7Z%977B3[4-/L_#?VRVU*(;<DS>6Q4, 5^
M4CCD<UD_%?X.3_$W6=4T?4--U0Z;JWQ4A:9XHG4K;M9S1F8''W02/FZ=,\46
M ^J-1^+'AW2-6UFRN]4@M9_#]JE[J/FAD2UA8$JY<C;S@]"36)\+?VG? WQI
MUV;3/#6NKJ5];PM</%]EGA/EAE4N#(BAERRC(SUKY5NOA/\ $?Q-X6^+OAK5
M=.GO]:TW3=)L;2ZCCD5=:@M;D2!E;DN[0A>A+$C!^;(KW7X&?&/Q#\1/CM=V
MD%EJEOX&30_/ACO- ?3VTRZ$D2+:>8>'(3S#\O'Y46 ],?XP^'$TSQ'>'41]
MG\)N\>JOY,G^B,B[F&-N6P/[N:B\-_&[PMXN\2MH^GZO!/J:6$>J&WV.CFVD
M5'60;@,C:Z$@<C<,@5\^_$"^O/!$/QI\*W.@^)+G4_'-Q)+HK6>F2W$%Z)X1
M&,2*"HVG[V2,>]<UJGP(\7:;\4M=\2:'!>0^+/ &A:$UA'L)MM4"6;1WEMTP
M^Y0 ,<Y&T8W9!8#Z"US]LSX;^'/#FB:M=^(MEAXBCDFTZ1-/NI#<)&Q1SM6,
MLN&!'S =*M>(OVL_A[X7\':5K]UXD@.DZVSI93V]O-<>>R8#KMC1F!4D9# $
M5\Z_!:\F^#-C\$M0UG2M=CMM*T;5K>Y$&G33R0N\[A0RJI(SV]N>E9-WX4\0
M>&HO#OB%X_$GA*VUCQKKFOVLMMI!NKO2+2>&)(E:W*D*6*D;2. V13Y0/IC4
M?VQOAUI7@ZPUZXU^2/2]4FDM[64Z;=;IGCV[P(_*WC&Y>2N.:MR?M7_#V+X<
MIXL;Q/9C0GN?L:S^7)YAGV[O*\K;YF_;SMVYQSC%>/\ CA?$?Q(U'X0S>'-<
MU2[U6RU'4EDUS5=!,/EDP@@R0;44#:P0'CIGD@US_ACPG:?\*?N[OQDWCG3O
M&@\8SZG>7VE:2SG3KY> Z*B8:W90/FP=S$X/ -*P'NUS^V+\.;3P GBA_$7_
M !(WO&L/M*V%RVR=4\PHR"/>N%(.2 .>M2:5^UW\.]8\#7'B2'Q'&-%M9UM6
MN);2>(O*RE@B(R!Y"5!.$!X!]*X/P-XC\9>//V3?B2/$D>H7\JV>IVND7=QI
M?V&\U:W%LP21K<=&9L@8 STP<9.+J&@ZIX9^$7[/OB*;1]5O]/\ !]K:_P!K
MV5M:M+<6^^SC193%]X^4RY.!D>E%D![?X0^/O@_QWX,OO$&F:]9RZ3I>[[;/
M*&@-IM&3YB2!63\0,XJAX _:A\!_%![Y-$\0P7<FGV[7DT;02POY"]9561%+
MIT^901R/6O /B-\.]=^/'A_XV:]X>T/4K>P\31Z.FG175O):SZN;-T>9A$P#
MXVJ0O'S9QUR*Z'Q1K4OQ]^,V@:WX>T/Q#I^F>$_#FJIJ3WNF268D>XMS'%:J
M& WNC G"Y W<&BP'JWPX_:W^'GQ9\2IH^A>(XKK4I0QB@EM9[8S[020AE10Y
M !.%). ?2O1Z^0? %Q=_$W0O@GX9TO1O$$&I>#=4AU+5[VXTV2WM[2"$-OB,
MK@ F3*X SG97U]28!1112 **** "BBB@ HHHH **** "BBB@ HHHH **** "
MBBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **
M** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *P8OB9H4WQ&D\)
M+J,1\1160U%[+:VX0;@F_.-O4CC.>0<8-;I.!7R?I%KXM3QGI_Q4E\-".TO?
M%KW$MR9Y/[1&D3JNGQQ/:^4"%5$AG^^2,$[>3A@?14GQC\-P^!YO$C:DHT6W
MNVL9+DPR8687'V8KMV[O]=\N<8[YQS63KO[3?@KPSXAO=-O]6FMIM,G6UO)G
MT^Y^R6DC!6"R7'E^4G#J>7&-PKQF_CNA\$M4^&?]F:S_ ,)9=>+)98H?[.F-
MN]N^L_;!<^>%\H1>2<DEL@@C&>*T-8\86_ART^-OAJXT[6;[6O%6J7(TNP@T
MNXF6_6;3;:!3YBH8U4NK EF& I)[46 ]NUKXN:#H-UJ\$UU<27&A0VUQ>PVU
MG-<R11W#.L+!8T8MN*/]T'&TDX%0?"[XW>'/C-;33>';J\O(( "TTFG7%M&W
MS,ORM+&H?!5@=I.".<5PW[/7@_4O!WQ<\0VNH),SVOA7P[9/<E3Y=Q-"EVLF
MUCPV"1G_ 'AZUL?L>:?<:7^SQH<%U!/;3I->EHYHVC=<WLY&5(!Y!!^A% '4
M:5\4M/U#X=+XF>.]AT\AF9%MWGF4"0Q_ZN(,S<CL#Q69X0_:-\(^.M%U/4M/
MU"[.GZ-!+<7ES<:;=6T4219$GS21J"5*L"!DC!XXH_9Q;=\&-&QS_K__ $?)
M7C<NDZ]?_LV67A"RTJXN-0\5^,-3AG@G+VZ"R74[JZF,DFUO+22)-@;!SYPP
M#0![K<?&7PU;?#:+Q>VJ)_PC<J)(+X1.45&<(&8!=R@,<$D#;SG !K0L/'>E
M:IXQO= MKM9]5TZVBN[J%$9A;QREA'N;&T%MK$+G=@9QCFO#O 6MZK\,/AO\
M2O#>N>$GO)+;4))M*T:U#7-I?1:EN9+6.4QH&03M,KG: BGD8 )VOV1/"%_\
M$Y-6\"ZY"]QJ\20ZHFLHDK0ZM"T:Q;?,<L0\!01["1\@C(')HL!ZMX6\96_B
MN+4GB22%=+OIK"4RX&6B(#,.?N\]ZY_PI^T9X/\ &^N16&E:I->27!=8)EL+
MD6D^P$MLN#&(F "GD.1Q6#H_A^Z\7_"KXGZ5I[B.^U/4-7L[=]V-DLB%%.>V
M"16'X7\>67C3X"+\/K&TUK2/%4GAJ31_L<^D74,=A<+:-'AIC'Y04,/E;=@\
M8ZT =YX6_:+\&^--?MM-T[61-<7Q=;-FMIHH+XH"6$$SH(Y< $_(QX!/05:_
MX7EX5/AKQ!J_]KPG3_"UW-8ZK*(WS9S1,%=&7;N."1R 0>Q->/KKG_"RO!_P
ML\)Z7HVM6NN>&M5TJZU.&XTR>WCT:.S7]]NE=!&<A3&NUCO#\<9K@/B7\+]>
MT#X:^/O$6B:;>S?\)'K>L:5KM@(I-]S"=0D:TO8T )9HR2N0,-'+G.%S3L!]
M*^)/VA_"/A/Q-/H]WJ4YO[1D6Y2VL+FZ2U9P"JRO%&R1D@@X8@X(-;:_$;1G
MF\0(+U=WA8@:H/+?_1,PK.,\?-^[96^7/7'7BO$_B[KQ^''CC7;WP%J?BF'Q
M9?7*3W'APZ%/=:9KEP%1-P=H@L19%4-*DRJ-F2#CF7Q9KS_#SQ1\7[/4=,UM
MKGQG%#/HJVFG372:@QTV.V,2O&I4.)8R"'*\%3T.:+ >Q^&/B?H?C/48K73;
M];F>?3+?6441NNZTG+"*7) 'S;&XZC'(%87AO]I3PCXL\8_V!8W6JR:LI7?!
M)HM[%Y0;.TNSQ!4#;6P6(!VG'2O+O .NP? 'XKZ;#XH2_L]GP^T32_-@T^XN
MXVN()+H2H&B1AE<CKV(KO?AF7U']I#QSJD<5S_9VHZ'H;VTTD+QK-_Q^L0-P
M'(#KD=1N&0*0'2>&OCCX5\7ZAI5KI^KQ3SZY%/-8(8W3[2L#M'+MW*.596XZ
MD*2 0":;J_QU\*:#X>N=4NM7BBL[749-(8^5(TCW<;E'@2,*7D<,K<(#G!(R
M*^:OAS\%]6\=6W@^.**^T?6M%\/ZM?Z3>S0/&ME?IK*O$'R,;70LK*1\T;MP
M:U_ ":UI \(^.-?T#5+*UTWQ9KUWK%C#;274VFM>!U278BEG1&+*64' ?-%@
M/I#P)\1M)^).GSW.DRW,D=M+Y$HN+.:UDC? ."DJ*W0CMBMRO-_V>?'^N^/O
M^$CDU1WN],M+](M(OVTF73/MT)A1G;RI3NPLA=-W0[<]Z](I %%%% !1110
M4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1
M110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%
M% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110!%:6<
M6GVZQ011PQ+G:D:A57// %2T44 %%%% $5M9Q6>_RHHXO,<R/L4+O8]6..I/
MK4M%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1
M110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%
M% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
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MC]WM).<[B2.U&@'H<'B&PNKVYMH[RV>>SV&>,2#=#O&4W#MN'3UJR;A%;!=
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MCN8MAM,2F%%."X=<PH^  ^&;<>#5/4/!7Q+M/#8AM]2GN[V>"&5YFU!5:VO
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44 %%%% !1110 4444 %%%% '_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>rsm_logo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 rsm_logo.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  (! 0(! 0(" @(" @(" P4# P,#
M P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_
MVP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# S_P  1" !_ )<# 2(  A$! Q$!_\0
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MIZ*K?PKC&>11_P 1>SWM#_P'_@A_Q+_PQWJ?^!?\ _(E?^"-WQF"G_0] _\
M!@/\*U/ ?_!(CXO:!XTTR^FMM#6&SNHI7"WP9L*ZDXX]!7ZO74L=MMSL[D].
M .IY-!?8PP%]\"L:OBQG<H2A-0M+R=]K=S2CX"<-4ZD:D'.Z>SEH^O8-+$BQ
M[9-N]0%.W.#Q14MLNT?YQ17YKS<VI^V4X\L5'MW):***"@*[J,4446 0KFD\
MO_.*=10!'+;^85^9EVG/'>OQY_X+"_&WQMX"_;BUC2=!\7^*-)LOL5D8K2SU
M*>&(.T"9PJL "2:_8H]:_%'_ (+6-M_X* ZSU*BST]BHYW8@3MWJHNP/56*N
MA_LZ_M?>(="L]2LU^*5Q9WT*7$+)X@E198W&5/\ KO0J>1ZU%\+?^"@_QV_8
MR^+2Z7XJU3Q)JD>FRK'?Z)XC>61VCW#<5\QBRYY575L9.XA@F#^I_P -?V@_
MA_\ "[X,^!=+\3>,_"N@:A_PC>G-Y&I:E!:S,OV:,_=<@\A2>/0=.*_,/_@L
MK^T!X1_:$_:3T^?P;>0:Q9Z%I,=A=:I -T$LRR22$!_XU1)%Z<DL.<9!:TT)
M;/T'_;(_X*"V?P5_8LTGXE>&8;>\O/&,<":)'=#Y+=YH3*))1QGRU5@RC^/Y
M>QK\PO"$O[1/_!0/Q?J5QH]YXM\636S*UQ_IGV6TLQ(NY5R2L40(' R"0.^*
M^J?CY^R_XG\;?\$9/AD;.QNKK4O"177;BQ*%IY;.=YF("X)WA9XVQ@_*K=.M
M?.W_  3>_P""D=Q^PR^IZ7J/AU/$/A[7)4FF,$HBN[>9-T99"<@@X&5)R JX
MQDY8B\?V(_VMO@^?MVGZ;XXMS%M<2:/K@G< GH%@F9FP,]C_ (_H;HWB#Q>O
M_!*36M3\37&N67C.#P9J4EU-=^;;WT$RQ3!6);#A@ I!/.:E^"?_  5J^"?Q
MRO[6Q'B&7PSJMTRQ);:];?9-SG/RB0DQ\GH21GW[>D?MFRQR?L<?%'RMOE_\
M(GJ#*5(VD&VDQCV]\8-*[*T/PQLOVL?B?9ZC'.OQ"\;-(I,@#ZW<.!D<@!G(
MZ# _"OWH_9F^,5K^T)\"/"_C.U90NO6"3RHH_P!3,,K+'_P&167'M7\^G@OX
M;ZC\0;#Q!/I\/VA?#NE'5;J/_IBLT498?[IE!)[ -7Z9_P#! ;]H3^V? 7BK
MX:WLS&YT6<:SIB.<[[>7:DVWT E"OCUN#52V&?1W_!47X^O^SM^QQXGU*UNG
MM=6UF/\ L;3W0XD26<$%U(((98Q(P/9@O4<'\>_A7^T[\2M3^*.A)=>/O&4Z
MW&I6Z3))K-PROETRI7?C&".,>M?4_P#P7S^//_"6_%SP_P##VQG/D>&K1KV^
MP?E^T7 4KN'^Q$F1W!F[U\@6GPXU+X2_M'Z3H&KJ(]0L]2M&F0?\LV=D8H?]
MI<X/T%*,FM41+4_H@@A$(."Q^I]@**D'6BLRPHHHH **** "BBB@ /6OQ1_X
M+6Q^9_P4 UQ>F[3[$ ^A^SI7[6.<8[\U^,O_  62\':OK?[>NKW-KIFH75O]
MDL!YL-J[(<01AL'!!P2?IQ51 [?_ (*1_L->*O&OPFT'XR:3/87NC:;X.TBW
MO+$ K<+&MNJR2DX(*J&W,3T56->4?\$E?@A\+_C[^T')IGCPWEU?VT:W>B66
M/+L]1,2LSB8!<EE0!@ 5SL93D@5^O?P2T>WU[]F[PEI^HV\<]K<^&;.VNX9$
MRDJ-:HLB,N>_S @^N/6OQP_:P_9A\7?L(_M?O+X3M]6:&UNTUCPY>PAWVQ^9
MYB(Q&5+1LK1-P Q7.,-BJ _<**SCAMU2)/)CAPL2Q+\JX&!@#C&W QT&.]?.
MOQ\_X)4?!7]H&_N]0NO#G]@ZI=;FEO\ 19EMMQ. 2T9#1$\=?+R?7O7GW[3O
M[47C;XV?\$]-%\??"^W\36/BK^TK;[?::99R275@ZJPG1H\9\L-@Y.1AAUKX
MNM?^"PW[17P_BCL=6U*UNIH%VL=1TB*.;.3UV*A].#GIS2 C_P""BO\ P2XN
M/V(M TWQ5I'B*3Q#X3U&\&F[)E\BZMY&1G1&*G#*P1^5QC:,XR*]V_X)^_'#
M6_B3_P $M_CCX=UJZDO_ /A#]"O8[.>3EUAFM)\1$_Q;&B;!]&%?*?Q,^-/Q
MX_X*/^(M.TV\AUKQ9]DD,EKIUAIZQ6L3,,$L$ "Y ^^V< 'UK]!/@M^Q5>?L
M<?\ !,?XFZ+J7^F>*O$V@7]U?+;X?R6-HR16ZGC=L);GN7;VIDGQO_P1:\$V
M/Q*_:;\5>'=4C\W3=>\#ZCIUPN>JRO AQ[[2_/:D_P"">?A3Q%^S=_P4MFTF
M22.WM_";ZFGB&60D0BQBBDDED89!P<)(O.-QCX(X/2_\$,?"FJ:-^V7?7%YI
M=]:1_P#",W062>!XPN9;?&,KC=PW&>:^B/\ @JE\.[/X!>&_B-X^T"&>3Q9\
M7;"Q\+I%;VY+V\2,3>2$KG(EACAC/3'/7(P>0UL?&O[/VAW/_!0?_@I7!J&J
MQ-)8ZUK,FMZ@&.]8K&$M*(G']UHTCA]BRU3_ &S(O)_X*?>*!_>\6(_7/65?
M\_3%?77_  03_9ON?"?A[QMX^U.QEL;W4+@:+IZ3Q%)$10DTSX(SM=FA ]XF
MKY7_ &P_!6L7?_!2KQ1=6VD:A);OXJ$@E6WD*-B126W%0/0<'I0,_< =:*CM
MY_.W8^9<\,",']3168$E%%% !1110 4444 -=-ZX_E31;*)&?'S/P3@<BI**
M &+"JD'GY>GM_G-,^PQE=N,KC:0><CTR>?\ ]5344 1BV7.269L$$]"?R_I4
M=SI%K>G]];PR^@>,-C]*L44 0Q:=# @6-%B0?PQ_+[]N:>T"L/Y^X]/I3Z*
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)\**D Q10!__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
