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Important Legal Information and Performance Disclaimers

Important Information Regarding Historical Performance

The track record for the Medalist funds reflects the performance of the Candlewood Structured Credit Harvest Fund, Ltd. and Candlewood Structured Credit Opportunity Fund, LP for the periods from their 2012 and 2016 launches, respectively, when such funds were managed under Candlewood. No other persons other than the investment professionals at Medalist played a significant part in the performance of such funds.

Past performance does not guarantee or indicate future results.  An individual investor’s return can differ depending on the timing of subscriptions, redemptions and fee terms. Estimated performance labeled as net is shown after the application of approximated Fund expenses, management fees and incentive fees.

The securities described herein will not be registered under the U.S. Securities Act and the funds described herein will not be registered under the U.S. Investment Company Act. The securities described herein will not be recommended by any United States federal or state securities commission or regulatory authority. Furthermore, the foregoing authorities have not confirmed the accuracy or determined the adequacy of this document. Any representation to the contrary is a criminal offense. The securities will be offered and sold in the United States only to persons who are (1) accredited investors (as defined under the Securities Act) in transactions exempt from registration under the Securities Act and (2) qualified purchasers (for purposes of section 3(c)(7) of the Investment Company Act) and in accordance with any other applicable law.

The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy any security. Such offer, if made, will be made only by a private placement memorandum which will set forth the terms (including the risks and conflicts of interest) involved in such offering. These materials do not constitute investment advice or research and should not be viewed as a current or past recommendation or a solicitation of an offer to buy or sell any securities or to adopt any investment strategy. All opinions and views constitute judgments as of the date of writing, and are subject to change at any time without notice and with no obligation to update. No part of this material may be reproduced or retransmitted in any manner without the prior written permission of Medalist.

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