BUY OUT OFFER REJECTED
Ezra Levine is the CEO of Collectable
Dear Investors,
We are writing to update you on the results of the 48-hour shareholder survey following the buyout offer on our Tiger Woods ’96 SI For Kids PSA 10.
As you know, Collectable received an offer to acquire Tiger Woods ’96 SI For Kids PSA 10 for $35,000. The asset was offered on Collectable for $23,500 ($10/share). The asset has been trading on Collectable’s secondary market, with the last trade at $28,386 ($11.40/share), up 14% since IPO.
Inclusive of Collectable’s equity interests in the offering, fees, taxes and expenses, Collectable would return approximately $11.44 net per share, following a positive survey of shareholders and a decision by the Manager. This represents a +14.4% net return over the IPO price and a 0.35% premium over last traded price on Collectable’s secondary market ($11.40/share).
On a share weighted basis, 82.8% chose to REJECT the buyout offer. As a result, the Manager has declined the buyout offer. The asset will continue to trade on Collectable’s secondary market.
Thanks so much,

Ezra Levine
CEO, Collectable