Variant Alternative Income Fund

The Variant Alternative Income Fund is a continuously-offered, non-diversified, registered closed-end fund with limited liquidity. There is no guarantee the Fund will achieve its objective.  An investment in the Fund should only be made by investors who understand the risks involved, who are able to withstand the loss of the entire amount invested and who can bear the risks associated with the limited liquidity of Shares.  A prospective investor must meet the definition of “accredited investor” under Regulation D under the Securities Act of 1933.

Important Risks: Shares are an illiquid investment. You should generally not expect to be able to sell your Shares (other than through the repurchase process), regardless of how the Fund performs. Although the Fund is required to implement a Share repurchase program, only a limited number of Shares will be eligible for repurchase by the Fund.  An investment in the Fund involves substantial risks, including the risk that the entire amount invested may be lost. The Fund may leverage its investments by borrowing us of swap agreements, options or other derivative instruments. The Fund is a newly- organized closed-end management investment company that has limited operating history and no public trading of its shares. In addition the fund is subject to investment related risks to include alternative investment risk, asset allocation risk, counter party credit risk, cybersecurity risk and general economic and market condition risk, please read the prospectus carefully for additional information of the Fund risk prior to investing.

BEFORE INVESTING YOU SHOULD CAREFULLY CONSIDER THE FUND’S INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES. THIS AND OTHER INFORMATION IS IN THE PROSPECTUS, A COPY OF WHICH MAY BE OBTAINED FROM (877) 770-7717.  PLEASE READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST.