Scopia Long

LLC

Fund Investment Objectives

The Fund's investment objective is to achieve attractive rates of return primarily by investing in the publicly traded equities of companies. The investment strategy utilized by the investment member is a long only value-oriented approach which seeks to identify and purchase stocks that will appreciate over a several year period, although returns will be affected by the performance of the overall market. Redemptions - Quarterly - 60 days' prior written notice / Monthly - 125 days' prior written notice