Pine Grove Alternative Institutional Fund Proxy Voting Record July 1, 2017-June 30, 2018 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 |
| Anchorage Capital Partners Offshore, Ltd | N/A | N/A | N/A | Election to switch classes | Issuer | Y | For | For |
| Diameter Offshore Fund LP | N/A | N/A | N/A | Updates to Confidential Private Placement Memorandum | Issuer | Y | For | For |
| Sound Point Beacon Offshore Fund | N/A | N/A | N/A | Forfeit Class S shares | Issuer | Y | Against | Against |
| JPMORGAN LIQUIDITY FUNDS | N/A | N/A | 4/27/2018 | 1. Approve audit report | Issuer | Y | For | For |
| JPMORGAN LIQUIDITY FUNDS | N/A | N/A | 4/27/2018 | 2. Agree to discharge board for performance of its duties for the past fiscal year | Issuer | Y | For | For |
| JPMORGAN LIQUIDITY FUNDS | N/A | N/A | 4/27/2018 | 3. Approve directors fees | Issuer | Y | For | For |
| JPMORGAN LIQUIDITY FUNDS | N/A | N/A | 4/27/2018 | 4. Confirm appointment of new director. | Issuer | Y | For | For |
| JPMORGAN LIQUIDITY FUNDS | N/A | N/A | 4/27/2018 | 5. Reappoint the existing directors | Issuer | Y | For | For |
| JPMORGAN LIQUIDITY FUNDS | N/A | N/A | 4/27/2018 | 6. Re-appoint PwC as auditors | Issuer | Y | For | For |
| JPMORGAN LIQUIDITY FUNDS | N/A | N/A | 4/27/2018 | 7. Approve payment of distributions | Issuer | Y | For | For |
| JPMORGAN LIQUIDITY FUNDS | N/A | N/A | 4/27/2018 | 8. Updated provisions of Articles | Issuer | Y | For | For |
