This article is prepared by Langdon Equity Partners. Content in respect of the Langdon Smaller Companies Fund (ARSN 657 901 614 (the Fund) is issued by Pinnacle Fund Services Limited ABN 29 082 494 362 AFSL 238 371 (‘PFSL’) as responsible entity of the Fund. PFSL is not licensed to provide financial product advice. It contains general information only. It is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making a decision in relation to investment. It has been prepared without taking account of any person’s objectives, financial situation or needs. Any persons relying on this information should obtain professional advice before doing so.

Past performance is for illustrative purposes only and is not indicative of future performance.

While Langdon Equity Partners Limited (‘Langdon’) and PFSL believe the information contained in this communication is reliable, no warranty is given as to its accuracy, reliability or completeness and persons relying on this information do so at their own risk. Subject to any liability which cannot be excluded under the relevant laws, Langdon and PFSL disclaim all liability to any person relying on the information contained in this communication in respect of any loss or damage (including consequential loss or damage), however caused, which may be suffered or arise directly or indirectly in respect of such information. This disclaimer extends to any entity that may distribute this communication.

FOR AUSTRALIAN CLIENTS:

The Product Disclosure Statement (‘PDS’) and Target Market Determination (‘TMD’) of the Fund are available via the links below. Any potential investor should consider the PDS and TMD before deciding whether to acquire, or continue to hold units in, the Fund.

Link to the Product Disclosure Statement: here

Link to the Target Market Determination: here

For historic TMD’s please contact Pinnacle Client Service Phone 1300 010 311 or Email service@pinnacleinvestment.com

FOR CANADIAN CLIENTS:

Important information about each Langdon mutual fund is contained in its prospectus, AIF, fund facts document and in its management report on fund performance. Any potential investor should review these documents prior to making any investment decision relating to such fund.  You can view copies of these documents by following the links below:

Link to the Langdon Global Smaller Companies Portfolio Disclosure Documents: here

Link to the Langdon Canadian Smaller Companies Portfolio Disclosure Documents: here

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FOR UK AND EUROPE

This is marketing communication.

This document is for information only and has been prepared for the sole use of the designated recipient. This communication is directed exclusively at professional clients and eligible counterparties, as defined by the FCA’s rules, and is not intended for distribution to, or use by, retail clients or any person in any jurisdiction where such distribution would be unlawful. If you are not a professional client or eligible counterparty, you should not act on or rely on this communication.

In jurisdictions other than the UK, this document is intended solely to provide information to professional investors in each jurisdiction in which the relevant sub-fund (Langdon Global Smaller Companies Fund – UCITS) within the umbrella Undertakings for Collective Investment in Transferable Securities (UCITS) fund is registered for sale. The UCITS fund is operated by Pinnacle ICAV and managed by Langdon Equity Partners Ltd.

The information is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making a decision in relation to investment. The information in this communication has been prepared without taking account of any person’s objectives, financial situation or needs. Any persons relying on this information should obtain professional advice before doing so. The issuer is not licensed to provide financial product advice. Please consult your financial adviser before making a decision. Any opinions and forecasts reflect the judgment and assumptions of Pinnacle and its representatives on the basis of information at the date of publication and may later change without notice. Any projections contained in this presentation are estimates only and may not be realised in the future.

Any opinions and forecasts reflect the judgment and assumptions of affiliated investors of Pinnacle and its representatives on the basis of information at the date of publication and may later change without notice. Unauthorised use, copying, distribution, replication, posting, transmitting, publication, display, or reproduction in whole or in part of the information contained in this communication is prohibited without obtaining prior written permission from Pinnacle. Pinnacle and its associates may have interests in financial products and may receive fees from companies referred to during this communication. Some transcriptions in this document have been edited slightly for clarity.