This information is neither an offer to sell nor a solicitation of an offer to buy any securities, investment product, or investment advisory services, including interests in any investment fund or account managed by Covenant Capital Management, LLC (the “Manager”). This presentation is subject to a more complete description and does not contain all of the information necessary to make an investment decision, including, but not limited to, the risks, fees, and investment strategies of a managed account with Covenant Capital Management. Prospective clients interested in a managed account with Covenant Capital must first read the disclosure document and sign and date an acknowledgment stating that they received a disclosure document. No offer to purchase interests will be made or accepted prior to receipt by an offeree of these documents and the completion of all appropriate documentation. Investors must be “qualified eligible participants” and may be required to meet other eligibility criteria as defined in the securities laws before they can open a managed account. Neither the manager nor any of their principals, officers, employees, or associated funds or entities hereby make any representation to any person or entity as to the suitability for any purpose of an investment with Covenant Capital Management.