As of the close of business November 30, 2012, management of the Adaly Opportunity Fund was assumed by JC Clark Ltd. (JCC) and was rebranded the JC Clark Adaly Fund.

The Adaly Investment Management Corp. (AIMC) portfolio management team has joined JCC and will continue to manage the Fund as it has for the past 13 years.

Please bookmark www.jcclark.com, for your convenience.