In This Section DONERAIL STRATEGY OVERVIEW The Donerail Group is a new special situations hedge fund that will invest opportunistically in public equity securities with defined and architected paths to value creation. Donerail focuses on U.S. equities with potential for transformational change or those experiencing some form of temporary dislocation in their business. Each core investment made by the Fund is intended to generate a co-investment opportunity, providing scale, additional control, catalyzing value creation, and offering private equity, structured credit, or preferred equity origination opportunities. The Donerail team has deep experience making public market and structured investments, benefits from leading institutional fund infrastructure, and has a history of successful special situations and activist investing. INVESTMENT TEAM William Z. Wyatt Managing Partner and Chief Investment Officer Andy Bowman Partner and Senior Research Analyst Wes Calvert Partner and Senior Research Analyst Josh Luter Research Analyst Stephanie Chavarria Marketing and Strategy Associate CONTACT INVESTOR RELATIONS: 240 26th Street Suite 3 Los Angeles, CA 90402 Contact: IR@donerail.com © 2021 Copyright Harbert Management Corporation Important Disclosure Information | Privacy Statement | Business Continuity Plan | Form CRS 2100 Third Avenue North, Suite 600 Birmingham, Alabama 35203 205.987.5500

In This Section DISCOVERY STRATEGY OVERVIEW HMC’s Discovery strategy seeks to generate long-term capital growth primarily through investments in small and microcap stocks in the U.S. and Canada. Discovery’s strategy is to identify “hidden gems” or deeply undervalued companies and assets among the vast number of smaller capitalization companies in North America. Discovery performs rigorous due diligence and may take concentrated positions in less liquid securities, seeking to build large ownership stakes over time. By maintaining a focused portfolio, Discovery is able to work closely with each company to see that it reaches its fullest potential. INVESTMENT TEAM Kenan H. Lucas Managing Director and Portfolio Manager Morgan O. Ogilvie III Senior Associate CONTACT HARBERT DISCOVERY STRATEGY 2100 Third Avenue North, Suite 600 Birmingham, Alabama 35203 Contact: 205.987.5500 © 2021 Copyright Harbert Management Corporation Important Disclosure Information | Privacy Statement | Business Continuity Plan | Form CRS 2100 Third Avenue North, Suite 600 Birmingham, Alabama 35203 205.987.5500