Dear Partner,

Hazelton Capital Partners, LLC (the “Fund”) gained 6.7% from April 1, 2018 through June 30, 2018, gained 8.7% year-to-date, and has returned 147% since its inception in August 2009. By comparison, the S&P 500 gained 3.4% in the same quarter, gained 2.6% year-to-date, and has returned 214% since the Fund’s inception.

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