Hildene Opportunities Master

Fund, LTD

Fund Investment Objectives

The primary focus of the Hildene Opportunities Fund will be to capitalize on opportunities within the distressed structured finance market. These structured finance opportunities will consist of collateralized debt obligations (CDOs), collateralized loan obligations (CLOs), residential mortgage backed securities (RMBS) and other asset backed securities (ABS). Hildene will apply a thorough and multi-faceted fundamental bottom-up valuation of the underlying structure. Risk management is done in-house by monitoring portfolios using third party performance databases and proprietary models.