Prescott Group Capital Management L.l.c.

Prescott Group Capital Management, L.L.C. is an investment adviser founded in January 1999, specializing in providing investment management services primarily to pooled investment vehicles, including hedge funds. The firm also serves a charitable organization client. The firm's investment strategy focuses on researching, evaluating, and trading stocks, bonds, and options. Investment decisions are made by portfolio managers Phil Frohlich and Matt Dunham. Prescott operates as the general partner and investment adviser to its private fund clients. The firm manages $861.7 million of gross client assets on a discretionary basis as of December 31, 2025. Prescott charges clients an annual asset-based administrative service allocation of 1% and a performance-based profit allocation of 20% of investors' returns in excess of a hypothetical return based on a comparable index. The firm does not participate in certain fee-sharing arrangements and does not receive compensation for investor referrals. The minimum initial investment for the Small Cap Funds and Aggressive Mid Cap Fund is $400,000, with additional investments of $25,000. The firm does not accept new investments for the Large Cap Fund. Prescott exercises investment discretion for client accounts, except for the charitable organization client, where investments over three million dollars require approval by an outside committee. The firm follows a code of ethics to minimize conflicts of interest and has procedures in place for voting client securities. Prescott does not receive compensation from unaffiliated advisers and does not have any disciplinary history.