From: Freddie Richardson < IMMa>
To: Freddie Richardson •t: IMMa>
CC: Peter Bremberg Ari Glass •alMa>
Subject: Boothbay - Lyft Upsize Update
Date: Tue, 26 Mar 2019 17:46:36 +0000
Dear Investors,
As we approach the expected listing date for Lyft, we wanted to provide a brief update.
Due to the high demand that the IPO has attracted, our manager is currently being "guided down" meaningfully from
their original allocation expectation. At this point, it seems unlikely that the allocation Boothbay receives will be nearly as
large as we originally hoped for and therefore wanted to give you this update. Once we receive our total allocation, we
will communicate your "Upsize amount" Friday morning, but at this point we are not optimistic that the amount Boothbay
receives will meaningfully exceed the Fund's target allocation, if at all.
We appreciate your quick responses to our outreach last Monday and hope to have similar opportunities in the future
when we can share with you.
Kind regards,
Freddie
Frederick Richardson
Boothbay Fund Management
810 Seventh Avenue, 6th Floor
New York, NY 10019
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