Advisory Services 4.A. Advisory Firm Description Twin Securities, Inc. (“Twin” or “Adviser”) is an investment adviser established in 1988 by David J. Simon, who is the principal owner of the firm. Twin's principal place of business is located at 250 W. 55th Street, 16th Floor, New York, NY, 10019. 4.B. Types of Advisory Services Twin provides investment advisory and management services as a discretionary investment adviser to separately managed client accounts ("SMCs") and privately offered pooled investment vehicles (“Private Funds,” and together with the SMCs, "Clients") organized as domestic limited partnerships or limited liability companies, or as foreign companies intended for sophisticated investors and institutional investors. Each of the Private Funds is overseen by either a General Partner or Board of Directors, depending upon each fund’s structure and organization. Twin provides investment advice to the following Private Funds:
• Twin Master Fund, LTD. (the “Master Fund”), a Cayman Islands exempted company;
• Twin Securities, LP (the “Domestic Fund”), a Delaware limited partnership that invests substantially all of its assets in the Master Fund;
• Twin Offshore, LTD. (the “Offshore Fund”), a Cayman Islands exempted company that invests substantially all of its assets in the Master Fund; and
• Twin Opportunities Fund, LP (the “Opportunities Fund”), a Delaware limited partnership. Shares or limited partnership interests in the Funds are not registered under the U.S. Securities Act of 1933, as amended; nor are the Funds registered under the Investment Company Act of 1940, as amended. Accordingly, interests or shares

in the Funds are offered and sold exclusively to investors satisfying the applicable eligibility and suitability requirements, either in private transactions within the U.S. or in offshore transactions. Persons reviewing this Brochure should not construe this as an offer to sell or solicitation of an offer to buy the securities of any of the Funds described herein. Any such offer or solicitation will be made only by means of a confidential private placement memorandum. 4.C. Client Investment Objectives/Restrictions Investments for SMCs are managed in accordance with each Client’s stated investment objectives, strategies, restrictions and guidelines. Investments for Private Funds are managed in accordance with each Fund’s investment objective, strategies and restrictions. They are not tailored to the individualized needs of any particular investor in the Fund (each an “Investor”). Investors may not impose restrictions on investing in certain securities or certain types of securities. Twin’s primary focus is investing in equity and debt securities using specific event-driven strategies; however, the Opportunities Fund’s strategy allows for higher concentration and increased leverage than Twin’s other Client accounts. Individual investor returns may vary to some extent based upon a number of factors, including the specific strategy selected, tax status, and timing of actual or anticipated capital additions or withdrawals, among others. 4.D. Wrap-Fee Programs Twin does not participate in, nor is it a sponsor of, any wrap fee programs. 4.E. Regulatory Assets Under Management as of 12/31/2023: Discretionary basis: $224,331,788 Non-Discretionary basis: $0