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Looking Ahead To The Next Five Years

|Includes:Gramercy Property Trust, Inc. (GPT)

Now that we have closed the books on the first five years of Rangeley Capital, we are looking ahead to new opportunities to exploit mispricing in the capital markets. If you own or know of any security that is substantially mispriced and deserves our attention, please contact us.

Disclosure: I am long GPT.

Additional disclosure: Chris DeMuth Jr is a portfolio manager at Rangeley Capital, a partnership that invests with a margin of safety by buying securities at deep discounts to their intrinsic value and unlocking that value through corporate events. In order to maximize total returns for our partners, we reserve the right to make investment decisions regarding any security without further notification except where such notification is required by law.

Stocks: GPT