Aspen Capital Advisors Inc.

Aspen Capital Advisors Inc. is an investment adviser registered with the SEC, formed in 2013 as a Delaware corporation. It is a wholly owned subsidiary of Aspen (US) Holdings Limited, which is a United Kingdom company and a subsidiary of Aspen Insurance Holdings Limited. The firm is indirectly controlled by Apollo Management IX, L.P., an affiliate of Apollo Global Management, LLC. Aspen Capital Advisors specializes in managing a private investment fund, Aspen Cat Fund Limited, which invests in securities related to weather, natural disasters, and insurance risks. The Fund is open to qualified institutional buyers or qualified purchasers with a minimum investment of $5,000,000. The firm's investment strategy aims to provide returns uncorrelated to traditional financial markets. The Adviser has discretionary authority over the Fund's investments and manages assets on a discretionary basis. The fee structure includes a monthly management fee and an incentive fee based on net profits. The Adviser does not engage in soft dollar arrangements and has adopted a Code of Ethics to prevent improper personal trading. The Adviser reviews the Fund's performance monthly and provides regular reports to investors. There are no material changes, disciplinary information, or financial concerns disclosed in the brochure. For further details, interested parties can contact the Adviser directly.