UTXO Preferred Income Strategies, LP

UTXO Management GP, LLC (the “General Partner”) is not registered as an investment adviser with the Securities and Exchange Commission or any state, local, or non-U.S. securities authority. UTXO Preferred Income Strategies, LP (the “Fund”) has not been and will not be registered under the Investment Company Act of 1940 (as amended). Limited partnership interests (the “Interests”) in the Fund are offered under a separate document (the “Private Placement Memorandum”). The Interests have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or under the securities laws of any state or other jurisdiction. The Interests are offered and sold solely pursuant to exemptions from registration under the Securities Act and in compliance with applicable state and other securities laws. The Interests are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under the Securities Act and applicable securities laws. Investors should be aware that they could be required to bear the financial risks of an investment in the Interests for an indefinite period of time.

The Fund is available exclusively to sophisticated investors who are both (i) “accredited investors,” as defined in Rule 501(a) of Regulation D, and (ii) “qualified purchasers,” as defined in Section 2(a)(51)(A) of the Investment Company Act of 1940, as amended.

A prospective investor should not invest in the Fund unless the investor understands the nature of the investment and can bear the economic risk of such investment. The Fund is speculative and involves a high degree of risk. The Fund may lack diversification, thereby increasing the risk of loss. The Fund’s performance may be volatile. There can be no guarantee that the Fund’s investment objectives will be achieved. The Fund’s investment results may vary substantially from year to year or even from month to month. As a result, an investor could lose all or a substantial amount of its investment. In addition, the Fund’s fees and expenses may offset its profits. There are restrictions on withdrawals and transfers of Interests. In making an investment decision, an investor must rely on its own independent evaluation and examination of the Fund and the terms of the Private Placement Memorandum. The Fund’s ability to achieve its investment objectives may be affected by a variety of risks not discussed herein. Investors should refer to the Private Placement Memorandum for additional information regarding risks and conflicts of interest.

No representations or warranties of any kind are made or implied with respect to the economic return or the tax consequences from an investment in the Fund. No assurance can be given that existing laws will not be changed or interpreted adversely. This document does not constitute legal, tax, accounting, or investment advice. Each investor should consult its own counsel and accountant for advice concerning the various legal, tax, accounting, ERISA, and economic matters concerning a potential investment in the Fund. An investment in the Fund has not been approved by any U.S. federal or state securities commission or any other governmental or regulatory authority. Furthermore, those authorities have not passed upon the accuracy or determined the adequacy of this document, the Private Placement Memorandum, or the limited partnership agreement associated with the Fund. Any representation to the contrary is unlawful.

No person other than the General Partner or its authorized representatives has been authorized to make representations or give any information with respect to the Interests, except the information contained herein. Any information or representation not expressly contained herein or otherwise supplied by the General Partner in writing must not be relied upon as having been authorized by the General Partner.

This document is confidential. Any unauthorized distribution, reproduction, or disclosure of this document, in whole or in part, is prohibited. This document is being furnished to you on a confidential basis to provide preliminary summary information regarding an investment in the Fund managed by the General Partner and may not be used for any other purpose. The information set forth herein is subject to change without notice and does not purport to be complete. No obligation to update or otherwise revise such information is assumed. This document is meant to be read in conjunction with the Fund’s Private Placement Memorandum prepared in connection herewith. This document does not constitute an offer to sell, or a solicitation of an offer to buy, any security in any jurisdiction in which such an offer or solicitation is not authorized or in which the making of such an offer or solicitation would be unlawful. This document does not purport to contain all of the information that may be required to evaluate an investment in the Fund. The information herein is qualified in its entirety by reference to the Private Placement Memorandum, including, without limitation, the risk factors therein.

Certain information contained in this document may constitute “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “target,” “should,” “expect,” “attempt,” “anticipate,” “project,” “estimate,” “intend,” “seek,” “continue,” or “believe,” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results, including the actual performance of the Fund, may differ materially from those reflected or contemplated in such forward-looking statements. This document may also present “sample holdings” or “case studies” of a type of asset(s) the Fund may invest in or that are expected to be typical of the Fund’s holdings. Such “sample holdings” are not necessarily current holdings of the Fund and are presented solely for explanatory purposes. Prospective investors should not assume that such “sample holdings” will actually be purchased by the Fund when determining whether to make an investment in the Fund. The General Partner is the source for all graphs and charts provided herein, unless otherwise noted.

Past performance is not indicative of, or a guarantee of, future results. This document may present past performance data regarding prior investments, funds, or trading accounts managed by the General Partner. Such data is presented solely for explanatory purposes. The Fund may face risks not previously experienced or anticipated by the General Partner; therefore, prospective investors should evaluate the Fund on its own merits. Furthermore, there is no guarantee that the General Partner will be able to adhere to the mandate, strategy, portfolio construction, or risk management parameters reflected in prior performance data. Market factors and unforeseen circumstances, both internal and external, may result in a wide deviation from the returns reflected in prior performance data, and there is no guarantee that the General Partner will be able to avoid or remediate such internal and external factors.