Statement of Changes in Capital Boothbay Multi-Strategy Fund, LP May 01, 2014- May 31, 2014 Southern Financial, LLC U.S. VIRGIN ISLANDS Fee Class: '1110 QAdv Currency: USD I- Capital Summary Beginning Equity Current Period Year to Date Subscriptions 10,000,000.00 10,000,000.00 Redemptions 0.00 0.00 Adjusted Opening Equity 10.000.000.00 10,000,000.00 Net Profit/Loss 54,603.97 54,603.97 Ending Net Capital Balance 10.054.603.97 10,054,603.97 Net Return 0.55% 0.55% •The above amounts are unaudited and am not to be used for income tax purposes. Total return has been calculated net of all fees and expenses. Investor Relations Contact Information: Christian Pollard Berme OPUS EFTA01197457