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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01384578: Document from Set 10 (DS10)

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This document outlines Hudson Bay Capital's fiduciary responsibilities and voting authority regarding securities held by client funds. It describes Hudson Bay Capital's general principles for voting proxies on behalf of clients, including cost-benefit analysis when determining whether to vote on specific securities. The document establishes the framework for client proxy voting and fiduciary decision-making.

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Voting **Client** Securities Hudson Bay Capital has voting authority and responsibility with respect to securities held by the Funds and may in the future
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In voting proxies relating to securities held by its Clients (each, a "**Client** Proxy"), Hudson Bay Capital is guided by general fiduciary principles and
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(for example, where Hudson Bay Capital determines that the cost of voting exceeds the expected benefit to the **Client**).

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