AlphaNorth

Partners Fund

Fund Investment Objectives

AlphaNorth Partners Fund Inc. (Fund) is a small cap long biased hedge fund launched in December 2007. The investment objective of the Fund is to achieve long term capital growth through the superior selection of primarily Canadian equity securities. June 2011 and going forward, firm is no longer reporting exact AUM. AUM is aggregate across share classes. The Fund completed its reorganization as of May 31, 2013, splitting an illiquid private asset into its own LP structure. Investors in the Class A and D shares now hold both the AlphaNorth Partners Fund and the AlphaNorth Partners Fund LP. Performance will be reported on a consolidated basis in the future.