Alaska Communications Systems Group, Inc.

Pinnacle Holdings creates customized portfolios for their clients. The firm's proprietary investment strategies include: (1) Tax-Exempt Bonds (2) Intermediate Bonds (3) Convertible High Yield (4) Blue Chip and (5) Small Cap Value.The Pinnacle Intermediate Bond strategy seeks to generate higher yields and total returns than are available with short-term bonds. The portfolio invests in investment grade corporate bonds in addition to a core holding of bonds issued by the US Treasury or Federal Agencies.Pinnacle Holdings' Tax-Exempt Bond strategy invests in investment grade municipal bonds with a core holding of bonds that are insured or escrowed and have an AAA/Aaa rating.The firm's Convertible High Yield strategy seeks to provide high total returns from income-producing securities with the potential for capital appreciation. The strategy invests in convertible corporate bonds and convertible preferred stocks of publicly-traded companies. Pinnacle Holdings includes publicly-traded MLPs in this strategy since they are high yield securities with growth potential. The firm also manages investments in MLPs on a separate account basis.The firm's Blue Chip investment strategy seeks to provide returns similar to the Dow Jones Industrials. This strategy has very low turnover and low transaction costs.Pinnacle Holdings' Small-Cap Value strategy seeks to provide returns consistent with the long-term historical average of small company stocks.

Pinnacle Holdings creates customized portfolios for their clients. The firm's proprietary investment strategies include: (1) Tax-Exempt Bonds (2) Intermediate Bonds (3) Convertible High Yield (4) Blue Chip and (5) Small Cap Value.The Pinnacle Intermediate Bond strategy seeks to generate higher yields and total returns than are available with short-term bonds. The portfolio invests in investment grade corporate bonds in addition to a core holding of bonds issued by the US Treasury or Federal Agencies.Pinnacle Holdings' Tax-Exempt Bond strategy invests in investment grade municipal bonds with a core holding of bonds that are insured or escrowed and have an AAA/Aaa rating.The firm's Convertible High Yield strategy seeks to provide high total returns from income-producing securities with the potential for capital appreciation. The strategy invests in convertible corporate bonds and convertible preferred stocks of publicly-traded companies. Pinnacle Holdings includes publicly-traded MLPs in this strategy since they are high yield securities with growth potential. The firm also manages investments in MLPs on a separate account basis.The firm's Blue Chip investment strategy seeks to provide returns similar to the Dow Jones Industrials. This strategy has very low turnover and low transaction costs.Pinnacle Holdings' Small-Cap Value strategy seeks to provide returns consistent with the long-term historical average of small company stocks.

Fox Paine & Co is an active manager which invests in companies located in the US. The firm follows of vegetable seeds, oil & natural gas prospecting software, medical devices and instruments, independent electricity producers, perfume, and specialized property & casualty insurance. It provides financing for management buyouts and growth capital requirements. It acts as a lead investor.