POINT72 ASSET MANAGEMENT, L.P.

On January 1, 2018, Point72 Asset Management, L.P. assumed investment management authority over investment funds and other investment vehicles that were previously managed by a family office that was not required to register as an investment adviser with the SEC. Point72 Asset Management, along with its affiliates that rely on its Form ADV, manage the assets and investments of a number of investment funds and other investment vehicles. Point72 also provides services such as advice from brokers-dealers on order execution, advice and input from brokers-dealers or independent research providers regarding investment recommendations related to electronic “alpha capture” systems, proxy analysis services, and other products or services in the categories listed in Section 28(e) that enhance Point72’s investment decision making.

Point72 Funds, including the Multi-Strat Funds, employ speculative investment strategies that entail substantial risks. There is no guarantee that the investment objectives will be achieved, and investment results may vary significantly. These funds may engage in investment strategies not explicitly described and may alter or discontinue strategies at any time. Point72 may use similar trading strategies for multiple funds, potentially buying or selling different or the same securities at different times, which could disadvantage investors. A portion of the Point72 Multi-Strat Funds' assets is allocated to Systematic Subsidiary Funds, which aim to generate high returns relative to risk using proprietary investment systems. These systems utilize computational techniques and models to predict future prices in various financial instruments, based on historical and current data such as price, volume, fundamentals, and volatility. The investment approach typically involves trading diversified baskets of instruments globally and continuously.

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