| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | W.R. Berkley Corp. (Investment Portfolio) | 1,466,215 | 1,147,470 | 12,374,854.6 | 0.6647 | 6.4975 | 03/31/2026 |
| 2 | AQR Arbitrage LLC | 1,379,225 | -1,667 | 11,640,659 | 0.2006 | 6.112 | 03/31/2026 |
| 3 | First Trust Capital Management LP | 1,323,462 | -1,850 | 11,170,019.28 | 0.8448 | 5.8649 | 03/31/2026 |
| 4 | Hudson Bay Capital Management LP | 1,163,446 | 8,346 | 9,819,484.24 | 0.0545 | 5.1558 | 03/31/2026 |
| 5 | Wealthspring Capital LLC | 1,145,553 | -309,832 | 9,668,467.32 | 2.2958 | 5.0765 | 03/31/2026 |
| 6 | Mizuho Securities USA LLC | 1,040,563 | 808,384 | 8,782,351.72 | 0.1875 | 4.6112 | 03/31/2026 |
| 7 | Tenor Capital Management Co. LP | 1,000,000 | 0 | 8,440,000 | 0.1607 | 4.4314 | 03/31/2026 |
| 8 | Barclays Bank Plc (Private Banking) | 997,283 | 0 | 8,417,068.52 | 0.0042 | 4.4194 | 12/31/2025 |
| 9 | D. E. Shaw & Co. LP | 996,187 | 0 | 8,407,818.28 | 0.0058 | 4.4146 | 03/31/2026 |
| 10 | Highbridge Capital Management LLC | 712,175 | 267,688 | 6,010,757 | 0.3215 | 3.156 | 03/31/2026 |
| 11 | RiverNorth Capital Management LLC | 665,550 | -117,246 | 5,617,242 | 0.2729 | 2.9494 | 03/31/2026 |
| 12 | RLH Capital LLC | 661,580 | 661,580 | 5,583,735.2 | 2.9766 | 2.9318 | 03/31/2026 |
| 13 | Moore Capital Management LP | 550,000 | 0 | 4,642,000 | 0.1447 | 2.4373 | 03/31/2026 |
| 14 | The Quarry LP | 530,626 | 530,626 | 4,478,483.44 | 0.8645 | 2.3514 | 03/31/2026 |
| 15 | Westchester Capital Management LLC | 483,161 | 0 | 4,077,878.84 | 0.2094 | 2.1411 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | First Trust Merger Arbitrage Fund | 1,181,914 | -1,652 | 9,975,354.16 | 0.9361 | 5.2376 | 03/31/2026 |
| 2 | Merger Fund (The) | 451,946 | 0 | 3,814,424.24 | 0.1723 | 2.0028 | 03/31/2026 |
| 3 | Picton Mahoney Fortified Arbitrage Plus Alternative Fund | 321,600 | 0 | 2,714,304 | 0.8159 | 1.4252 | 12/31/2025 |
| 4 | First Trust Multi-Strategy Fund | 141,548 | -198 | 1,194,665.12 | 0.2166 | 0.6273 | 03/31/2026 |
| 5 | RiverNorth Opportunities Fund Inc. | 66,874 | 0 | 564,416.56 | 0.1946 | 0.2963 | 03/31/2026 |
| 6 | JNL Multi-Manager Alternative Fund | 25,813 | 0 | 217,861.72 | 0.0378 | 0.1144 | 03/31/2026 |
| 7 | PICTON Arbitrage Alternative Fund | 25,200 | 0 | 212,688 | 0.7599 | 0.1117 | 12/31/2025 |
| 8 | AQR UCITS Funds - Apex UCITS Fund | 14,376 | 0 | 121,333.44 | 0.0068 | 0.0637 | 09/30/2025 |
| 9 | Merger Fund VL (The) | 5,402 | 0 | 45,592.88 | 0.215 | 0.0239 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | W.R. Berkley Corp. (Investment Portfolio) | 1,466,215 | 1,147,470 | 12,374,854.6 | 0.6647 | 6.4975 | 03/31/2026 |
| 2 | Mizuho Securities USA LLC | 1,040,563 | 808,384 | 8,782,351.72 | 0.1875 | 4.6112 | 03/31/2026 |
| 3 | RLH Capital LLC | 661,580 | 661,580 | 5,583,735.2 | 2.9766 | 2.9318 | 03/31/2026 |
| 4 | The Quarry LP | 530,626 | 530,626 | 4,478,483.44 | 0.8645 | 2.3514 | 03/31/2026 |
| 5 | Highbridge Capital Management LLC | 712,175 | 267,688 | 6,010,757 | 0.3215 | 3.156 | 03/31/2026 |
| 6 | O'Connor Alternative Investments LLC | 100,000 | 100,000 | 844,000 | 0.2513 | 0.4431 | 03/31/2026 |
| 7 | Meteora Capital LLC | 440,658 | 92,389 | 3,719,153.52 | 0.2585 | 1.9528 | 03/31/2026 |
| 8 | Fort Baker Capital Management LP | 54,487 | 54,487 | 459,870.28 | 0.0421 | 0.2415 | 03/31/2026 |
| 9 | Clear Street LLC | 79,691 | 14,795 | 672,592.04 | 0.0029 | 0.3531 | 03/31/2026 |
| 10 | Hudson Bay Capital Management LP | 1,163,446 | 8,346 | 9,819,484.24 | 0.0545 | 5.1558 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Karpus Management, Inc. | 410,953 | -2,922,588 | 3,468,443.32 | 0.0989 | 1.8211 | 05/29/2026 |
| 2 | BMO Capital Markets Corp. | 0 | -468,673 | 0 | 0 | 0 | |
| 3 | Two Sigma Investments LP | 0 | -437,500 | 0 | 0 | 0 | |
| 4 | Wealthspring Capital LLC | 1,145,553 | -309,832 | 9,668,467.32 | 2.2958 | 5.0765 | 03/31/2026 |
| 5 | Bulldog Investors LLP | 0 | -129,449 | 0 | 0 | 0 | |
| 6 | RiverNorth Capital Management LLC | 665,550 | -117,246 | 5,617,242 | 0.2729 | 2.9494 | 03/31/2026 |
| 7 | UBS O'Connor LLC | 0 | -100,000 | 0 | 0 | 0 | |
| 8 | Periscope Capital, Inc. | 125,000 | -78,200 | 1,055,000 | 0.1821 | 0.5539 | 03/31/2026 |
| 9 | Walleye Capital LLC | 0 | -61,580 | 0 | 0 | 0 | |
| 10 | Millennium Management LLC | 214,117 | -57,237 | 1,807,147.48 | 0.0012 | 0.9488 | 03/31/2026 |
Data provided by FactSet Research Systems Inc.