1Arka Global Funds, Inc.AutoadministradaManuel Mej¡a Aounmanuel@inversionesarka.com830-7918/8305455Infante & Perez Almillano - Alejandro Abood 2AV Fund, Inc.AV Securities Inc. Orocio Contastiocontasti@avsecurities.com215-1032Alfaro, Ferrer y Ramirez 3Bayport Enterprises, S.A. (1)MMG Asset Management Corp.Alejandro Cifuentesalejandro.cifuente@mmgbank.com205-8000 4Better Reail Fund, Inc. (1)Global Bank CorporationOdalys Reynaoreyna@titan.com.pa225-2222R&C Lawyers - Pablo Epifanio 5Singular Funds, Inc. (antes Canal Multistrategy Family of Funds, Inc). (3)AutoadministradaRoberto Brenes (6)roberto.brenes@canalsecurities.com202-0305 6Cervell¢ Holding, S.A.(1)Prival Securities, Inc.Rodolfo Duarterduarte@prival.com303-1900Quijano & Asociados 7CM Realty, S.A. (1)MMG Asset Management Corp.Alejandro Cifuentesalejandro.cifuente@mmgbank.com302-4444 8Commercial Center Fund Inc. (1)MMG Asset Management Corp.Alejandro Cifuentesalejandro.cifuente@mmgbank.com302-4444Morgan & Morgan - Ricardo Arias 9Desarrollo Inmobiliario Del Este, S.A. (1)MMG Asset Management Corp.Alexander Petroskydiesa@invbahia.com303-3333 10Encina Fund, Inc.Geneva Asset Management, S.A.Fernando Antonio Lewis de la Guardiaflewis@genasset.com210-1430De Obald¡a & Garc¡a de Paredes - Beatriz Lorena Romero Alfaro. 11Fideicomiso de Fomento Tur¡stico (1) (3)Expansion Asset ManagementNeibys Quinteroneibys@vantagereit.com264-2338 12Fideicomiso Inmobiliario casas Grandes (1)(3)AutoadministradaArmando Isaac Dames Leeadames@casasgrandes.com.pa 300-1100 13Fondo de Inversi¢n Futuro D¢lares Vista No DiversificadoVista Sociedad de Fondos de Inversi¢n, S.A.Alejandro V squezalejandro.vasquez@morimor.com265-7777Morgan & Morgan - Ricardo Arias 14Fondo de Inversi¢n Inmobiliaria Valle Lindo, S.A. (1)(3)AutoadministradaYdalex Cartayaycartaya@grupoti.com301-0866Morgan & Morgan - Ricardo Arias 15Fondo de Inversi¢n Liquidez D¢lares Vista No DiversificadoVista Sociedad de Fondos de Inversi¢n, S.A.Alejandro V squezalejandro.vasquez@morimor.com265-7777Morgan & Morgan - Ricardo Arias 16Fondo General de Inversiones, S.A.BG Investment Co., Inc.Michelle Nu¤ezminu¤ez@bgeneral.com303-7000 17Fondo General de Retorno Total, S.A.BG Investment Co., Inc.Michelle Nu¤ezminu¤ez@bgeneral.com303-7000 18Fondo Global de Inversiones, S.A.Global Valores, S.A.Luis A. Cargiulo V. Luis.Cargiulo@GlobalBank.com206-2000 19Fondo Renta Fija Valor, S.A. (antes Suvalor Renta Fija Internacional Largo Plazo, S.A.)Valores Banistmo, S.A.Jos‚ Hilario L¢pez jose.lopez@banistmo.com370-8412 20Fondo Sostenible Renta Global (antes Suvalor Colombia, S.A.)Valores Banistmo, S.A.Jos‚ Hilario L¢pez jose.lopez@banistmo.com370-8413Sucre, Arias & Reyes - Jorge Olivardia. 21Green Tower Properties, Inc. (1)MMG Asset Management Corp.Alejandro Cifuentesalejandro.cifuente@mmgbank.com208-7017 22Grupo Inmobiliario de Capital Privado (GICAP) Ltd.(1)MMG Asset Management Corp.Alejandro Cifuentesalejandro.cifuente@mmgbank.com265-7600 23Habitats Reit Corp.(3) AutoadministradaJimmy Bassanjb@hr.com.pa265-3030Quijano & Asociados- Luis Miguel Rojer 24IFG Investment Opportunities Fund, Inc.AutoadministradaFernando Jos‚ Robleto Brenesfernando.robleto@insigniafa.com202-3075 Morgan & Morgan - Ricardo Arias 25IFG Real Estate Fund Inc (1) (3)AutoadministradaFernando Jos‚ Robleto Brenesfernando.robleto@insigniafa.com202-3075 Morgan & Morgan - Ricardo Arias 26Insigneo Private Ventures Fund, S.A. (2)Prival Securities, Inc.F tima Asvatfasvat@prival.com303-1900 27International Wealth Protection Fund Limited Inc. (3)AutoadministradaPatricia Boyd Zu¤igapboyd@cwpanama.net320-4307 28Invertis Global Income Fund, S.A. Invertis Securities, S.A. Zuzel Barrerardv@invetissecurities.com214-0000 29Latam Capital Growth Fund Inc. (3) AutoadministradaAlfredo Monagasamonagas@grupoimalca.com297-5901Quijano & Asociados- Luis Miguel Rojer 30Latam Real Estate Growth Fund, Inc.(1)(3)AutoadministradaHarold Garciaejecutivop@latamrealestatefund.com253-3612 31Los Andes Fund, S.A.(1)Global Valores, S.A.Angel Nievesangel.Nieves@GlobalBank.com.pa206-2000 32Los Castillos Real Estate, Inc. (1)MMG Asset Management Corp.Alejandro Cifuentesalejandro.cifuentes@mmgbank.com321-9010 33Mercantil Fondo Mutual Balanceado, S.A. (antes Mercantil Fondo de Deuda Latinoamericana, S.A.)Mercantil Servicios de Inversi¢n, S.A. Efra¡n Bernalebernal@mercantilsi.com.pa282-5800 34Mercantil Fondo Mutual de Alto Rendimiento, S.A. (antes Mercantil Fondo de Deuda Alta Calificaci¢n, S.A.)Mercantil Servicios de Inversi¢n, S.A. Efra¡n Bernalebernal@mercantilsi.com.pa282-5800 35Metro Strategic Income Fund, Inc. (3)AutoadministradaEmanuel Bosquezemanuel.bosquez@metrobanksa.com 36MMG Fixed Income Fund, S.A.MMG Asset Management Corp.Alejandro Cifuentesalejandro.cifuente@mmgbank.com265-7600 37MMG Global Allocation Fund, Inc.MMG Asset Management Corp.Alejandro Cifuentesalejandro.cifuente@mmgbank.com265-7600 38MMG Panama Allocation Fund, Inc.MMG Asset Management Corp.Alejandro Cifuentesalejandro.cifuente@mmgbank.com265-7600 39Multiprosperity Family of Funds, Inc.Multisecurities, S.A. Rafael Montanerrafael.montaner@multibank.com.pa294-3500 40NF Real Estate Fund (1)MMG Asset Management Corp.Alejandro Cifuentesalejandro.cifuente@mmgbank.com304-6185Morgan & Morgan - Ricardo Arias 41Panam  Growth Properties Trust (1) (3)Expansion Asset ManagementNeibys Quinteroneibys@vantagereit.com264-2338 42Panama Latam Fixed Income Fund, Inc. (4)(3)AutoadministradaCarlos Vallarinocvallarino@panamalatamfund.com200-7430 43Panam  Real Estate Development Fund, Inc. (1) (3)Real Estate Investment Management, Corp. Eduardo Caballero eduardo.caballero@norfolkfg.com390-4555 44Phoenix Real Estate Fund, Inc. (1)Real Estate Investment Management, Corp. Eduardo Caballero eduardo.caballero@norfolkfg.com380-4550 45Premium Properties International, S.A. (1)MMG Asset Management Corp.Alejandro Cifuentesalejandro.cifuente@mmgbank.com208-7901 46Prima Sociedad de Inversi¢n Inmobiliaria, S.A. (1) (3)AutoadministradaSalomon Hanonosony@vicsons.com263-4400 47Prival Bond Fund, S.A.Prival Securities, Inc.Rodolfo Duarterduarte@prival.com303-1900 48Prival Private Equity Fund, S.A. (2)Prival Securities, Inc.Rodolfo Duarterduarte@prival.com303-1900 49Prival Real Estate Fund, S.A. (1)Prival Securities, Inc.Rodolfo Duarterduarte@prival.com303-1900 50PS Multi-Asset Class Fund, Inc. (2)Prival Securities, Inc.Rodolfo Duarterduarte@prival.com303-1901 51Real Estate Partners Trust (1) (3)Expansion Asset ManagementNeibys Quinteroneibys@vantagereit.com264-2338Ana Isabel D¡az 52Regulus Inmobiliaria, S.A. (1) (3)AutoadministradaLina Valerooficialdecumplimiento@regulusinmobiliaria.com204-7900 53Retail Space Holdings Corp. (1)MMG Asset Management Corp.Alejandro Cifuentesalejandro.cifuente@mmgbank.com321-9010 54Seeway Real Estate Trust (1) (3)Expansion Asset ManagementNeibys Quinteroneibys@vantagereit.com264-2338 55Semah Real Estate Investment Fund, S.A. (1) (3)AutoadministradaLuz Jerome de Quieljuan.masteralli@gmail.com216-8040Marelissa Quintero de Stanziola 56Sustainable Urban Revitalization Fund, Inc.Global Valores, S.A.Irving Becerrairving.becerra@globalbank.com.pa308-5900 57Suvalor Renta Fija Internacional Corto Plazo, S.A.Valores Banistmo, S.A.Jos‚ Hilario L¢pez jose.lopez@banistmo.com370-8412 58Tagua Fund Inc.Geneva Asset Management, S.A.Joaquin De la Guardiajdelag@genasset.com210-1430 59Ultra Star, Inc. (1)Global Valores, S.A.Angel Nievesangel.Nieves@GlobalBank.com.pa206-2000 60Urca Global Fund, Inc. (3)AutoadministradaLuciano Pithon das Virgenslpithon@pithonsa.com833-7678 61Vantage Properties Trust (1)(3)Expansion Asset ManagementNeibys Quinteroneibys@vantagereit.com264-2338