Brightline Capital Partners,


Fund Investment Objectives

The Fund's investment objective is to achieve consistent, superior absolute returns, largely independent of overall market movements, with capital preservation and minimization of risk as guiding principles. The Fund seeks to achieve this objective primarily by employing a value-oriented, event-driven strategy, focusing primarily in equities and distressed debt securities. The Fund makes both long and short investments in securities. Leverage is not to exceed 3X equity.