DSC Advisors LP

Item 5 – Fees and Compensation
Management Fees; Performance-Based Compensation

We generally receive a management fee calculated as a fixed percentage of the value of the
assets we manage. In addition, and as further described in Item 6, we or our affiliates are
entitled to additional compensation in the form of an incentive allocation based on the
performance achieved for a client over a specified measurement period, generally, a fiscal
year (collectively, the management fee and incentive allocation, if applicable, are referred to
herein as “Fees”). Our Fees are deducted from the Funds’ assets. Our fee schedule is omitted
since this brochure is only delivered to qualified purchasers as defined in Section 2(a) (51)
(A) of the Investment Company Act of 1940, as amended. Fees applicable to the Funds are
described in each Fund’s applicable offering documents.

With regard to any of the Fees, we are generally permitted under the terms of a Fund’s
governing documents to reduce or waive, in our sole discretion, our Fees for underlying
investors in any of the Funds. For example, we can reduce the Fees applicable to investments
in any of the Funds by certain large, strategic, or affiliated investors. For the year ended
December 31, 2018, we have waived certain components of the Fees for certain affiliated
investors.

We can launch or manage other funds or accounts with higher or lower fees and/or different
compensation structures. To the extent the Fund invests in any affiliated funds, the Fund will
receive the benefit of any appropriate management fee offsets. Different client facts and
circumstances, including the client’s investment strategy, liquidity profile and prevailing
market terms, will be considered in determining applicable Fees.

Costs and Expenses

In addition to the Fees discussed above, investors in the Funds will bear indirectly the fees
and expenses charged to the Funds. While those fees will vary, they typically include, but are
not limited to the following: the Feeder Fund’s applicable pro rata portion of the Master
Fund’s expenses relating to its investment activities, including brokerage commissions,
prime brokerage fees, “bid-ask” spreads, mark-ups, interest expenses, stock loan expenses,
costs incurred by errors committed in trading securities barring willful misconduct, gross
negligence, or bad faith and other transactional charges. The Funds also will directly bear
certain expenses relating to cash management and certain administrative costs, such as legal,
accounting, audit, tax preparation, consulting and custodial fees and expenses.

The Feeder Fund’s offering and governing documents detail the costs and expenses that are
the responsibility of the applicable Fund, as well as certain overhead costs and expenses that
generally are our responsibility.

Item 7 – Types of Clients
The Adviser currently provides discretionary investment advice to several related private
investment funds, including private investment partnerships and foreign investment
companies. Interests in the Funds are offered pursuant to applicable exemptions from
registration under the Securities Act of 1933, as amended. Investors in the Funds are subject
to qualification standards. Investors in the Funds may include, among others, pension plans,
foundations, funds of funds, family offices, trusts, other institutional investors and high net
worth individuals. The minimum initial investment in the Funds is generally $1 million,
subject to change or waiver at the discretion of the Adviser and/or the Fund’s Board of
Directors, if applicable.

In addition to the Funds, we could in the future provide advisory services to other private
investment funds or other clients.