Ann: Daily NTA, page-3

1. Link correction: Last link is https://www.copyright link/companies/financial-services/ellerston-global-lic-to-convert-to-a-trust-20191107-p5388j

2. Just to clarfy, not happy with the actions to-date of Ellerston regarding resolving the discount but am very happy with the Asian portfolio exposure and Mary Manning is a savvy Portfolio Manager. You can hear her rationale for various queries in the most recent June presentation: https://ellerstoncapital.com/ellerston-asia-april-2020-investor-update/ (e.g. the cash level and whether one should chase in the current market conditions)