Samuel Capital Management LLC

Samuel Capital Management LLC, established in October 2011, is a financial advisor firm specializing in providing investment advisory services to private investment funds and separately managed accounts. The firm's primary focus is on investments in municipal securities, U.S. government securities, exchange-traded funds, and futures. As of December 31, 2022, the firm managed approximately $177,220,777 on a discretionary basis. Clients of Samuel Capital Management LLC include the Samuel Municipal Total Return Fund II LP, the Sub-Advised Fund, and a separately managed account. The firm charges management fees based on the type of investment vehicle, with additional performance fees for certain accounts. Samuel Capital Management LLC follows an allocation policy to mitigate conflicts of interest arising from varying fee structures. The firm may provide services to various client types, with a minimum subscription amount of $1 million for the funds. Investment strategies primarily involve fixed-rate municipals, hedged for interest rate and credit risk. Clients should be prepared for the risk of loss associated with investing in securities. The firm does not have any material legal or disciplinary events to disclose and has established a Code of Ethics to ensure high standards of business conduct and fiduciary duty to clients. Samuel Capital Management LLC has discretionary authority to manage client assets and does not currently vote on client securities. The firm does not engage in soft dollar arrangements or receive compensation for client referrals.