Firm Overview Voce Capital Management LLC (“Voce” or the “Firm”) is a 100% employee-owned hedge fund manager headquartered in San Francisco’s financial district. The Firm is the sponsor of a group of institutional, long-short equity funds (the “Funds”). Voce is a value-oriented investor that bases its investment decisions upon extensive fundamental, proprietary research. Voce manages a concentrated portfolio and invests with a multi-year time horizon. It also selectively uses public activism to enhance its returns and has repeatedly generated significant outcomes using this approach, including the sale of multiple portfolio companies, large returns of capital, substantial changes to corporate strategies and corporate governance reforms. The Funds have posted positive performance every year since inception (eight years), compounding returns in double digits, and the Firm is experiencing rapid growth. Our Firm has been built upon a culture of integrity, partnership, excellence and purpose. The unifying force in all of these principles is our people – and we therefore strive to attract and retain the best and brightest individuals for every role on our team. About the PM Voce was founded in 2011 by J. Daniel Plants, its Chief Investment Officer, after nearly two decades of leadership roles spanning Wall Street to Sand Hill Road, including executive positions in the mergers and acquisitions groups at Goldman, Sachs & Co. and JPMorgan Chase and securities law practice at Sullivan & Cromwell. Voce’s investment strategy leverages Dan’s experience as a senior advisor helping companies successfully navigate change.