Pennant Capital Management, LLC

Pennant Capital Management, LLC is an investment adviser based in Summit, New Jersey, established in 2001 by founder Alan Fournier. The firm specializes in providing investment supervisory services on a discretionary basis to pooled investment vehicles for sophisticated and institutional investors. As of December 31, 2021, the firm had $282,197,223 of client regulatory assets under management, managed on a discretionary basis. Pennant Capital Management charges clients a quarterly investment management fee at a rate of 1.5% per annum, reduced to 0.75% effective April 1, 2018. Performance-based compensation is also received, with a 20% compensation rate, subject to a loss carryforward provision. The firm's investment strategies include buy and hold, long/short equity, fundamental value, growth, hedging, leverage, option trading, and short selling. The Adviser has not been involved in any legal or disciplinary events in the past 10 years. Clients' assets are held in custody by unaffiliated broker/dealers or banks, and the firm has discretion over investment decisions, with a focus on fair and equitable allocation among accounts. The Adviser has adopted proxy voting policies and procedures to ensure proxies are voted in the best interests of clients. There have been no material changes to the firm's operations since March 2021. For more information, visit www.adviserinfo.sec.gov or contact (908) 516-5800.