Skytop Lodge Corporation

• Alluvial Capital Management Letter to Limited Partners First Quarter 2023 ↗ Alluvial Fund exited GEE Group after management abandoned shareholder cash returns, and added Hammond Power Solutions and Skytop Lodge at valuations the manager considers disconnected from their operating prospects. The fund also backed well-capitalized community banks, retained P10 and Unidata, and harvested TIM and Peakstone Realty Trust after corporate events created exits. First Quarter 2023 EACO $729MHMDPF $1.5BJOB $22M +2

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