Performance History

Past performance is no guarantee of future results. There can be no assurance that Santa Monica Partners will continue to achieve investment results similar to those set forth above. These performance results are only intended to provide background information about Santa Monica Partners and its investment strategies. Offers to participate in any investment vehicle would be made solely pursuant to a current offering memorandum for that investment vehicle. Any such investment would be subject to significant risks, as described in the offering memorandum. If you are interested, please contact us for further information.