Pine Grove Alternative Fund Proxy Voting Record July 1, 2015-June 30, 2016 Issuer Name | Exchange Ticker Symbol | CUSIP # | Shareholder Meeting Date | Proposal/Description of the Matter Voted | Proposed by Issurer/Shareholder | Did Fund Cast Vote on Matter (Y/N) | How Vote was Cast (For/Against Proposal or Abstain) | Fund Vote For/ Against Management |
| JP Morgan Liquidity Funds US Dollar Treasury Liquidity Fund | N/A | N/A | 29-Apr-16 | 1. Approve audit report | Fund | Y | For | For |
| JP Morgan Liquidity Funds US Dollar Treasury Liquidity Fund | N/A | N/A | 29-Apr-16 | 2. Agree to discharge board for performance of its duties for the past fiscal year | Fund | Y | For | For |
| JP Morgan Liquidity Funds US Dollar Treasury Liquidity Fund | N/A | N/A | 29-Apr-16 | 3. Approve directors fees | Fund | Y | For | For |
| JP Morgan Liquidity Funds US Dollar Treasury Liquidity Fund | N/A | N/A | 29-Apr-16 | 4. Reappoint the existing 7 directors | Fund | Y | For | For |
| JP Morgan Liquidity Funds US Dollar Treasury Liquidity Fund | N/A | N/A | 29-Apr-16 | 5. Re-appoint PwC as auditors | Fund | Y | For | For |
| JP Morgan Liquidity Funds US Dollar Treasury Liquidity Fund | N/A | N/A | 29-Apr-16 | 6. Approve payment of distributions | Fund | Y | For | For |
