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Message: StoneCastle Fund

The top 10 holdings at end of the month were: Redknee Solutions (RKN), Sprylogics International (SPY),

Air Canada Inc (AC.B), AutoCanada Inc (ACQ), Element Financial (EFN), PetroWest Corporation (PRW),

Avigilion Corporation (AVO), Raging River Exploration (RRX), Methanex (MX), and Mullen Group Ltd

(MTL).

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