Voting

Sibilla Capital Management (SCM) will accept voting authority for the Fund securities in certain cases. When SCM does accept voting authority for the Fund’s securities, it will always seek to vote in the best interests of its client. SCM does not maintain pre-approved voting guidelines but relies on its personnel to determine the appropriate course of action in voting Fund securities that is in the best interest of the Fund. The Fund may direct SCM on how to vote client securities by communicating their wishes in writing or electronically to SCM. When voting Fund proxies SCM will always hold the interests of the clients above its own interests.