The Scion Value Fund's minimum initial investment for future investors will be raised to $250,000 as of the July 1, 2001 investment date.

True: the Scion Value Fund's minimum initial investment for new investors was $250,000 from the July 1, 2001 investment date (or an earlier date). Mostly true: the minimum was raised to $250,000 effective July 1, 2001, but a minor detail differs, for example exceptions allowed at the general partner's discretion. Mostly false: the minimum was raised to $250,000 only after July 1, 2001, or was raised by July 1, 2001 but to a lower amount. False: the fund's documents or letters show the minimum was not raised to $250,000, or the change was withdrawn. The announcement alone does not count as delivery.

Set before the research began.

1. E1 Scion Capital Letters.pdf Scribd (hosted copy of Scion Value Fund investor letters) · 3 July 2001 Own record

   “The minimum initial investment for new members is now $250,000.”

2. E2 Scion Capital Letters.pdf Scribd (hosted copy of Scion Value Fund investor letters) Own record

   “Attomeys have updated the offering memorandum and operating ageeement of the Fund in order to adjust the minimum investment from $100,000 ro $250,000.”

A Scion Value Fund investor letter dated 2001-07-03 states that the minimum initial investment for new members "is now $250,000" (E1). Another letter in the same collection says attorneys updated the fund's offering memorandum and operating agreement to raise the minimum investment from $100,000 to $250,000 (E2). Both are the fund's own records sent to investors, not independent sources. Together they show the $250,000 minimum applied to new members by early July 2001 [E1] and that the fund's offering memorandum and operating agreement were updated to reflect it [E2].