Multiple Strategies for a Changing Investment Climate

Quaker Event Arbitrage Fund is a multi-strategy arbitrage fund focused on long-term growth of capital by tactically investing in securities of issuers that are experiencing corporate events.

Managed by Thomas F. Kirchner, CFA of Quaker Funds, Inc.

Mr. Kirchner has been responsible for the day-to-day management of the Fund since its 2003 inception. Prior to joining Quaker Funds, Inc., he was the founder of Pennsylvania Avenue Advisers LLC ("Pennsylvania Avenue") and the portfolio manager of Pennsylvania Avenue Event-Driven Fund, a series of the Pennsylvania Avenue Funds. Prior to founding Pennsylvania Avenue, from 1996-1999, Mr. Kirchner worked as a Bond Trader for Banque Nationale de Paris S.A. In 1999 he was retained by Fannie Mae as a Financial Engineer. Mr. Kirchner is a graduate of King's College, University of London; Institut d'Etudes Politiques de Paris and University of Chicago Booth School of Business. He has earned the right to use the Chartered Financial Analyst designation.