N-PX IM LIVE 0001224014 XXXXXXXX false false 06/30/2025 YEAR 2025 TOWLE & CO 303-731-2494

720 S. Colorado Blvd. Suite 730S DENVER CO 80246

INSTITUTIONAL MANAGER COMBINATION REPORT N 028-10640 000110862 801-16622 811-21719 333-122901 549300EXKT1LTZE2ZC55 Towle Value Fund N 0 TOWLE & CO Jessica Kardos Jessica Kardos Head of Investment Operations 08/25/2025