ar 14 14 Jun II • Nov 11 CAPEVIEW RECOVERY FUND 30 Jun 03 O $404M 339.21 30 Apr 1.10% 4.71% 18.23% 8.41% 1.48% 11.93% 8.99% (30.45%) Theo Phanos Apr 14 14 Oct 07 - Dec 08 CAPITAL FOUR CREDIT OPPORTUNITIES FUND 31 Dec 09 M €39M 138.74 30 Apr 1.68% 5.04% 16.31% 17.68% 10.64% 18.32