EFTA00814148.pdf

From: Ari Glass c:: IMMa> To: "[email protected]" leevacation®gmail.com> Subject: Date: Fri. 21 Oct 2016 15:33:33 +0000 Jeffrey Thanks for taking the time this morning. The high level pitch- Market neutral ,(no statistical correlation to markets) multi manager (now 75 managers -25 with all first loss deal or partial loss sharing deal; and other 50 split between core team and farm team of talented emerging managers that we own very cheap optionality on), fund with great risk management (worst month down 1.21%, a fraction of market drawdowns) and excellent risk adjusted returns (sortino of 6.7, Calmar ratio of 4.9). In addition to doing a good job on common strategies (Millennium, style low net equities, and quant), we have an edge on niche strategies (SPACs, appraisals right, Canadian Closed end fund arbitrage, certain mispriced volatility opportunities), and the First loss platform combined with this effectively allows for a number of virtually free call options to be combined with a more traditional multi strategy fund. Other important notes: -No Level 3 assets in the portfolio. -top tier service providers — KPMG for audit, Prime Brokers of UBS, BNP and Goldman recently added Seeing some excellent opportunities for 2017 —will require a little more capital to access them Current AUM —a bit over $200m Current capacity without being dilutive to main opportunity set (Approx. $350m) Estimated capacity by end of 2017 — approx. $500m 2018 —best guess $700m —much can happen that could make that bigger or smaller) Best ari Ari Glass Boothbay Management Managing Member 810 71h Ave Suite 615 New Yor NY 10019 IP (c The information contained in this e-mail and any attachments may be legally privileged, proprietary and/or confidential. If you are not an intended recipient, you are hereby notified that any use, copying, disclosure or distribution of all or any portion of this e-mail and any attachments is strictly prohibited. If you received this e- mail in error, please notify the sender, permanently delete the e-mail and any attachments, and destroy all hard copies immediately. This communication should not be regarded as an offer, solicitation or recommendation to sell or purchase any security or other financial product. Boothbay and its related entities reserve the right to monitor and/or save all e-mail communications through their networks. EFTA00814148