This commentary is intended to provide you with information only and should not be considered personal investment advice. It does not constitute an offering or solicitation for the purchase or sale of securities or investment in any products. Every effort has been made to ensure that the material contained herein is accurate at the time of publication. However, Fulcra Asset Management Inc. cannot guarantee its accuracy or completeness and accepts no responsibility for any loss arising from any use of or reliance on the information contained herein. Important information about the Fulcra Credit Opportunities Fund (formerly the Fulcra Focused Yield Fund) is contained in the Confidential Offering Memorandum which should be read carefully before investing. For complete information relating to the Fund, including investment objectives and risk factors, please contact us for a copy of the Confidential Offering Memorandum.