X0306 5 2020-03-31 0 0 1 0001681717 Relative Value Fund VFLEX 0001697019 Vivaldi Holdings LLC 225 W. WACKER DRIVE 2100 CHICAGO IL 60606 0 0 0 1 100% owner of adviser Common shares 2019-07-03 5 J 0 4 25.52 A 0 I Vivaldi Capital Management LLC Common shares 2019-08-07 5 J 0 5 25.53 A 0 I Vivaldi Capital Management LLC Common shares 2019-09-04 5 J 0 4 25.49 A 0 I Vivaldi Capital Management LLC Common shares 2019-10-02 5 J 0 5 25.51 A 0 I Vivaldi Capital Management LLC Common shares 2019-11-06 5 J 0 4 25.44 A 0 I Vivaldi Capital Management LLC Common shares 2019-12-04 5 J 0 5 25.42 A 0 I Vivaldi Capital Management LLC Common shares 2019-12-13 5 J 0 4 25.47 A 0 I Vivaldi Capital Management LLC Common shares 2019-12-31 4 S 0 L 1107 25.64 D 0 I Vivaldi Capital Management LLC Dividend reinvestment Marc Bassewitz 2020-05-08