Montrose Capricorn Finance Fund Update, Nov 2009

Please find attached the latest reports on the Capricorn Finance Fund, produced for those investors requiring additional information on the current status of the Fund. These reports contain statements from the fund managers.

Please note that the information contained in any liquidity projections is estimated and does not imply or guarantee future performance or warrant that the return of capital will match the estimates. The figures are based on current information, where available, regarding each fund’s ability to meet redemptions. Estimates may therefore be subject to material change without notice as fund circumstances, market conditions and or foreign exchange rates change.

The chances for any refunds in the near future look remote. Any new information that I receive will be posted here immediately so keep an eye open or to my update service. I am very sorry that Capricorn are so bad at giving anything useful. If you need any further information then please contact me.