Mangrove Partners

Includes form instructions and options. Options shown in this text do not identify which boxes were selected.

GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an 
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page. 
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A.  The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates

If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). 
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
CRD
Number:
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
THE MANGROVE PARTNERS
MASTER FUND, LTD.
(For individuals, Last, First,
Middle)
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances: 
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
 Yes
 No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1.  Regulatory Action initiated by:
SEC   
Other Federal   
State   
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 
SWEDISH FINANCIAL SUPERVISION AUTHORITY
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions: 
3.
Date Initiated (MM/DD/YYYY): 
02/12/2018
 Exact
 Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
17-12596
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types: 
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
ACCORDING TO REQUIREMENTS IMPOSED BY THE SWEDISH FINANCIAL SUPERVISION AUTHORITY ("SWEDISH FI") RELATED TO THE EUROPEAN
SECURITIES MARKETS AUTHORITY EU REGULATION ON SHORT SELLING, THE MANGROVE PARTNERS MASTER FUND, LTD. (THE "CAYMAN MASTER")
REPORTED ITS NET SHORT POSITION IN THE ISSUED SHARE CAPITAL OF A SWEDISH-LISTED COMPANY. PURSUANT TO APPLICABLE REQUIREMENTS,
NOTIFICATION OF SUCH NET SHORT POSITIONS MUST BE RECEIVED NO LATER THAN 15:30 ON THE TRADING DAY FOLLOWING PASSAGE OF THE
REPORTING THRESHOLD. INADVERTENTLY, AND DUE TO AN ADMINISTRATIVE OVERSIGHT, THE CAYMAN MASTER REPORTED ITS NET SHORT POSITION AT
16:16 ON THE TRADING DAY FOLLOWING THE PASSAGE OF THE REPORTING THRESHOLD AND UPDATED SUCH NOTIFICATION TWO DAYS FOLLOWING.
8.
Current Status?      
 Pending
 On Appeal
 Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:

If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Order
11. Resolution Date (MM/DD/YYYY):
02/12/2018
 Exact
 Explanation
If not exact, provide explanation:
12. Resolution Detail:
A.  Were any of the following Sanctions Ordered (check all appropriate items)?
 Monetary/Fine Amount: $ 2,480.00
 Revocation/Expulsion/Denial
 Disgorgement/Restitution
 Censure
 Cease and Desist/Injunction
 Bar
 Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion
of penalty was waived: 
$2480
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ACCORDING TO REQUIREMENTS IMPOSED BY THE SWEDISH FI THE CAYMAN MASTER REPORTED ITS NET SHORT POSITION IN THE ISSUED SHARE
CAPITAL OF A SWEDISH-LISTED COMPANY. PURSUANT TO APPLICABLE REQUIREMENTS, NOTIFICATION OF SUCH NET SHORT POSITIONS MUST BE
RECEIVED NO LATER THAN 15:30 (9:30 AM EST) ON THE TRADING DAY FOLLOWING PASSAGE OF THE REPORTING THRESHOLD (I.E., MAY 24, 2017).
INADVERTENTLY, AND DUE TO AN ADMINISTRATIVE OVERSIGHT, THE CAYMAN MASTER, WHICH IS ADVISED BY NEW YORK-BASED MANGROVE PARTNERS,
REPORTED ITS NET SHORT POSITION AT 16:16 (10:16 AM EST) ON MAY 24, 2017. MANGROVE PARTNERS UPDATED SUCH NOTIFICATION TWO DAYS
FOLLOWING (MAY 26, 2017) PER THE REQUEST OF THE SWEDISH FI TO NOT ROUND THE PERCENTAGE OF SHARES SHORT. AS A RESULT OF THE
CAYMAN MASTER'S FAILURE TO REPORT ITS SHORT POSITION IN A TIMELY MANNER, THE SWEDISH FI ASSESSED A SEK $20,000 (APPROXIMATELY
$2,480.00 USD) PENALTY FEE FOR REPORTING ONE DAY LATE. AS A RESULT OF THE FOREGOING, MANGROVE PARTNERS HAS IMPLEMENTED ADDITIONAL
CONTROLS TO ENSURE TIMELY REPORTING TO THE SWEDISH FI GOING FORWARD.

Includes form instructions and options. Options shown in this text do not identify which boxes were selected.

GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an 
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page. 
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A.  The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). 
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.

ADV DRP - ADVISORY AFFILIATE
CRD
Number:
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
THE MANGROVE PARTNERS
MASTER FUND, LTD.
(For individuals, Last, First,
Middle)
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances: 
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
 Yes
 No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1.  Regulatory Action initiated by:
SEC   
Other Federal   
State   
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 
SWEDISH FINANCIAL SUPERVISION AUTHORITY
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions: 
3.
Date Initiated (MM/DD/YYYY): 
02/12/2018
 Exact
 Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
17-12598
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types: 
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
ACCORDING TO REQUIREMENTS IMPOSED BY THE SWEDISH FINANCIAL SUPERVISION AUTHORITY ("SWEDISH FI") RELATED TO THE EUROPEAN
SECURITIES MARKETS AUTHORITY EU REGULATION ON SHORT SELLING, THE MANGROVE PARTNERS MASTER FUND, LTD. (THE "CAYMAN MASTER")
REPORTED ITS NET SHORT POSITION IN THE ISSUED SHARE CAPITAL OF A SWEDISH-LISTED COMPANY. PURSUANT TO APPLICABLE REQUIREMENTS,
NOTIFICATION OF SUCH NET SHORT POSITIONS MUST BE RECEIVED NO LATER THAN 15:30 ON THE TRADING DAY FOLLOWING PASSAGE OF THE
REPORTING THRESHOLD. INADVERTENTLY, AND DUE TO AN ADMINISTRATIVE OVERSIGHT, THE CAYMAN MASTER REPORTED ITS NET SHORT POSITION AT
17:46 ON THE TRADING DAY FOLLOWING THE PASSAGE OF THE REPORTING THRESHOLD.
8.
Current Status?      
 Pending
 On Appeal
 Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.

10. How was matter resolved:
Order
11. Resolution Date (MM/DD/YYYY):
02/12/2018
 Exact
 Explanation
If not exact, provide explanation:
12. Resolution Detail:
A.  Were any of the following Sanctions Ordered (check all appropriate items)?
 Monetary/Fine Amount: $ 620.00
 Revocation/Expulsion/Denial
 Disgorgement/Restitution
 Censure
 Cease and Desist/Injunction
 Bar
 Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion
of penalty was waived: 
$620
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ACCORDING TO REQUIREMENTS IMPOSED BY THE SWEDISH FI THE CAYMAN MASTER REPORTED ITS NET SHORT POSITION IN THE ISSUED SHARE
CAPITAL OF A SWEDISH-LISTED COMPANY. PURSUANT TO APPLICABLE REQUIREMENTS, NOTIFICATION OF SUCH NET SHORT POSITIONS MUST BE
RECEIVED NO LATER THAN 15:30 (9:30 AM EST) ON THE TRADING DAY FOLLOWING PASSAGE OF THE REPORTING THRESHOLD (I.E., MAY 22, 2017).
INADVERTENTLY, AND DUE TO AN ADMINISTRATIVE OVERSIGHT, THE CAYMAN MASTER, WHICH IS ADVISED BY NEW YORK-BASED MANGROVE PARTNERS,
REPORTED ITS NET SHORT POSITION AT 17:46 (11:46 AM EST) ON MAY 22, 2017. AS A RESULT OF THE CAYMAN MASTER'S FAILURE TO REPORT ITS
SHORT POSITION IN A TIMELY MANNER, THE SWEDISH FI ASSESSED A SEK $5,000 (APPROXIMATELY $620.00 USD) PENALTY FEE, WHICH HAD BEEN
REDUCED FROM THE GUIDELINES NORMALLY USED TO ASSESS SUCH PENALTIES, GIVEN THAT THE SWEDISH FI FOUND THE INFRINGEMENT TO BE
MINOR. AS A RESULT OF THE FOREGOING, MANGROVE PARTNERS HAS IMPLEMENTED ADDITIONAL CONTROLS TO ENSURE TIMELY REPORTING TO THE
SWEDISH FI GOING FORWARD.

Includes form instructions and options. Options shown in this text do not identify which boxes were selected.

GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an 
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page. 
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A.  The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). 
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE

CRD
Number:
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
THE MANGROVE PARTNERS
MASTER FUND, LTD.
(For individuals, Last, First,
Middle)
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances: 
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
 Yes
 No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1.  Regulatory Action initiated by:
SEC   
Other Federal   
State   
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 
SWEDISH FINANCIAL SUPERVISION AUTHORITY
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions: 
3.
Date Initiated (MM/DD/YYYY): 
02/12/2018
 Exact
 Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
17-12680
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types: 
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
ACCORDING TO REQUIREMENTS IMPOSED BY THE SWEDISH FINANCIAL SUPERVISION AUTHORITY ("SWEDISH FI") RELATED TO THE EUROPEAN
SECURITIES MARKETS AUTHORITY EU REGULATION ON SHORT SELLING, THE MANGROVE PARTNERS MASTER FUND, LTD. (THE "CAYMAN MASTER")
REPORTED ITS NET SHORT POSITION IN THE ISSUED SHARE CAPITAL OF A SWEDISH-LISTED COMPANY. PURSUANT TO APPLICABLE REQUIREMENTS,
NOTIFICATION OF SUCH NET SHORT POSITIONS MUST BE RECEIVED NO LATER THAN 15:30 ON THE TRADING DAY FOLLOWING PASSAGE OF THE
REPORTING THRESHOLD. INADVERTENTLY, AND DUE TO AN ADMINISTRATIVE OVERSIGHT, THE CAYMAN MASTER REPORTED ITS NET SHORT POSITION AT
19:41 ON THE TRADING DAY FOLLOWING THE PASSAGE OF THE REPORTING THRESHOLD.
8.
Current Status?      
 Pending
 On Appeal
 Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Order

11. Resolution Date (MM/DD/YYYY):
02/12/2018
 Exact
 Explanation
If not exact, provide explanation:
12. Resolution Detail:
A.  Were any of the following Sanctions Ordered (check all appropriate items)?
 Monetary/Fine Amount: $ 1,240.00
 Revocation/Expulsion/Denial
 Disgorgement/Restitution
 Censure
 Cease and Desist/Injunction
 Bar
 Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion
of penalty was waived: 
$1240
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ACCORDING TO REQUIREMENTS IMPOSED BY THE SWEDISH FI THE CAYMAN MASTER REPORTED ITS NET SHORT POSITION IN THE ISSUED SHARE
CAPITAL OF A SWEDISH-LISTED COMPANY. PURSUANT TO APPLICABLE REQUIREMENTS, NOTIFICATION OF SUCH NET SHORT POSITIONS MUST BE
RECEIVED NO LATER THAN 15:30 (9:30 AM EST) ON THE TRADING DAY FOLLOWING PASSAGE OF THE REPORTING THRESHOLD (I.E., JULY 17, 2017).
INADVERTENTLY, AND DUE TO AN ADMINISTRATIVE OVERSIGHT, THE CAYMAN MASTER, WHICH IS ADVISED BY NEW YORK-BASED MANGROVE PARTNERS,
REPORTED ITS NET SHORT POSITION AT 19:41 (1:41 PM EST) ON JULY 17, 2017. AS A RESULT OF THE CAYMAN MASTER'S FAILURE TO REPORT ITS
SHORT POSITION IN A TIMELY MANNER, THE SWEDISH FI ASSESSED A SEK $10,000 (APPROXIMATELY $1,240.00 USD) PENALTY FEE, WHICH HAD BEEN
REDUCED FROM THE GUIDELINES NORMALLY USED TO ASSESS SUCH PENALTIES, GIVEN THAT THE SWEDISH FI FOUND THE INFRINGEMENT TO BE
MINOR. AS A RESULT OF THE FOREGOING, MANGROVE PARTNERS HAS IMPLEMENTED ADDITIONAL CONTROLS TO ENSURE TIMELY REPORTING TO THE
SWEDISH FI GOING FORWARD.

Includes form instructions and options. Options shown in this text do not identify which boxes were selected.

GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an 
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page. 
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A.  The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). 
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
CRD
Number:
This advisory affiliate is 
a Firm
an Individual

Registered:
Yes
No
Name:
THE MANGROVE PARTNERS
MASTER FUND, LTD.
(For individuals, Last, First,
Middle)
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances: 
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
 Yes
 No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1.  Regulatory Action initiated by:
SEC   
Other Federal   
State   
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 
SWEDISH FINANCIAL SUPERVISION AUTHORITY
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions: 
3.
Date Initiated (MM/DD/YYYY): 
02/12/2018
 Exact
 Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
17-20165
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types: 
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
ACCORDING TO REQUIREMENTS IMPOSED BY THE SWEDISH FINANCIAL SUPERVISION AUTHORITY ("SWEDISH FI") RELATED TO THE EUROPEAN
SECURITIES MARKETS AUTHORITY EU REGULATION ON SHORT SELLING, THE MANGROVE PARTNERS MASTER FUND, LTD. (THE "CAYMAN MASTER")
REPORTED ITS NET SHORT POSITION IN THE ISSUED SHARE CAPITAL OF A SWEDISH-LISTED COMPANY. PURSUANT TO APPLICABLE REQUIREMENTS,
NOTIFICATION OF SUCH NET SHORT POSITIONS MUST BE RECEIVED NO LATER THAN 15:30 ON THE TRADING DAY FOLLOWING PASSAGE OF THE
REPORTING THRESHOLD. INADVERTENTLY, AND DUE TO AN ADMINISTRATIVE OVERSIGHT, THE CAYMAN MASTER REPORTED ITS NET SHORT POSITIONS
AT 18:32 AND 21:09 ON THE TRADING DAYS FOLLOWING THE PASSAGE OF THE REPORTING THRESHOLDS.
8.
Current Status?      
 Pending
 On Appeal
 Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Order
11. Resolution Date (MM/DD/YYYY):

02/12/2018
 Exact
 Explanation
If not exact, provide explanation:
12. Resolution Detail:
A.  Were any of the following Sanctions Ordered (check all appropriate items)?
 Monetary/Fine Amount: $ 1,624.00
 Revocation/Expulsion/Denial
 Disgorgement/Restitution
 Censure
 Cease and Desist/Injunction
 Bar
 Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion
of penalty was waived: 
$1624
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ACCORDING TO REQUIREMENTS IMPOSED BY THE SWEDISH FI THE CAYMAN MASTER REPORTED ITS NET SHORT POSITION IN THE ISSUED SHARE
CAPITAL OF A SWEDISH-LISTED COMPANY. PURSUANT TO APPLICABLE REQUIREMENTS, NOTIFICATION OF SUCH NET SHORT POSITIONS MUST BE
RECEIVED NO LATER THAN 15:30 (9:30 AM EST) ON THE TRADING DAY FOLLOWING PASSAGE OF THE REPORTING THRESHOLD (I.E., APRIL 13, 2017 AND
JUNE 5, 2017, RESPECTIVELY). INADVERTENTLY, AND DUE TO AN ADMINISTRATIVE OVERSIGHT, THE CAYMAN MASTER, WHICH IS ADVISED BY NEW
YORK-BASED MANGROVE PARTNERS, REPORTED ITS NET SHORT POSITIONS AT 18:32 (12:32 PM EST) ON APRIL 13, 2017 AND 21:09 (3:09 PM EST) ON
JUNE 5, 2017 RESPECTIVELY. AS A RESULT OF THE CAYMAN MASTER'S FAILURE TO REPORT ITS SHORT POSITION IN A TIMELY MANNER, THE SWEDISH FI
ASSESSED A SEK $13,100 (APPROXIMATELY $1,624.00 USD) PENALTY FEE, WHICH HAD BEEN REDUCED FROM THE GUIDELINES NORMALLY USED TO
ASSESS SUCH PENALTIES, GIVEN THAT THE CAYMAN MASTER ITSELF REPORTED SUCH INFRINGEMENT TO THE SWEDISH FI AND AS SUCH THE SWEDISH
FI FOUND THE INFRINGEMENT TO BE MINOR. AS A RESULT OF THE FOREGOING, MANGROVE PARTNERS HAS IMPLEMENTED ADDITIONAL CONTROLS TO
ENSURE TIMELY REPORTING TO THE SWEDISH FI GOING FORWARD.

Includes form instructions and options. Options shown in this text do not identify which boxes were selected.

GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an 
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page. 
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A.  The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). 
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
CRD
Number:
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No

Name:
THE MANGROVE PARTNERS
MASTER FUND, LTD.
(For individuals, Last, First,
Middle)
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances: 
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
 Yes
 No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1.  Regulatory Action initiated by:
SEC   
Other Federal   
State   
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 
THE FINANCIAL SUPERVISORY AUTHORITY OF NORWAY ("FINANSTILSYNET")
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions: 
3.
Date Initiated (MM/DD/YYYY): 
09/30/2020
 Exact
 Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
20/11055
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types: 
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
ACCORDING TO REQUIREMENTS IMPOSED BY THE FINANCIAL SUPERVISORY AUTHORITY OF NORWAY ("FSA NORWAY") RELATED TO THE EUROPEAN
SECURITIES MARKETS AUTHORITY EU REGULATION ON SHORT SELLING, THE MANGROVE PARTNERS MASTER FUND, LTD. (THE "CAYMAN MASTER")
REPORTED ITS NET SHORT POSITION IN THE ISSUED SHARE CAPITAL OF THREE NORWEGIAN-LISTED COMPANIES. PURSUANT TO APPLICABLE
REQUIREMENTS, NOTIFICATION OF SUCH NET SHORT POSITIONS MUST BE RECEIVED NO LATER THAN 15:30 ON THE TRADING DAY FOLLOWING
PASSAGE OF THE REPORTING THRESHOLD. INADVERTENTLY, AND DUE TO AN ADMINISTRATIVE OVERSIGHT, THE CAYMAN MASTER REPORTED ITS NET
SHORT POSITIONS AT 22:36 AND 16:19 ON THE TRADING DAYS FOLLOWING THE PASSAGE OF THE REPORTING THRESHOLDS AND INCLUDED A
TYPOGRAPHICAL ERROR IN THE NOTIFICATION ON A THIRD POSITION WHICH MADE IT APPEAR TO BE MADE SUBSEQUENT TO THE DEADLINE.
8.
Current Status?      
 Pending
 On Appeal
 Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Decision
11. Resolution Date (MM/DD/YYYY):

06/01/2022
 Exact
 Explanation
If not exact, provide explanation:
12. Resolution Detail:
A.  Were any of the following Sanctions Ordered (check all appropriate items)?
 Monetary/Fine Amount: $
 Revocation/Expulsion/Denial
 Disgorgement/Restitution
 Censure
 Cease and Desist/Injunction
 Bar
 Suspension
B.
Other Sanctions Ordered:
MANGROVE PARTNERS WAS ISSUED A WARNING AS PART OF A "NO VIOLATION CHARGE."
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion
of penalty was waived: 
AS A "NO VIOLATION CHARGE," MANGROVE PARTNERS WAS NOT SUBJECT TO ANY SANCTIONS.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ACCORDING TO REQUIREMENTS IMPOSED BY THE FSA NORWAY THE CAYMAN MASTER REPORTED ITS NET SHORT POSITION IN THE ISSUED SHARE
CAPITAL OF THREE NORWEGIAN-LISTED COMPANIES. PURSUANT TO APPLICABLE REQUIREMENTS, NOTIFICATION OF SUCH NET SHORT POSITIONS
MUST BE RECEIVED NO LATER THAN 15:30 (9:30 AM EST) ON THE TRADING DAY FOLLOWING PASSAGE OF THE REPORTING THRESHOLD (I.E., APRIL 23,
2020, APRIL 28, 2020 AND MAY 16, 2020, RESPECTIVELY). INADVERTENTLY, AND DUE TO AN ADMINISTRATIVE OVERSIGHT OR TYPOGRAPHICAL ERROR,
THE CAYMAN MASTER, WHICH IS ADVISED BY NEW YORK-BASED MANGROVE PARTNERS, REPORTED ITS NET SHORT POSITIONS AT 16:19 (10:19 AM EST)
ON APRIL 23, 2020, AT 22:36 (4:36 PM EST) ON APRIL 28, 2020, AND AT 13:39 (8:39 AM EST) ON MAY 16, 2020, RESPECTIVELY. AS A RESULT OF THE
CAYMAN MASTER'S FAILURE TO REPORT ITS SHORT POSITION IN A TIMELY MANNER, THE FSA NORWAY HAS ISSUED A WARNING TO MANGROVE
PARTNERS AS PART OF A NO VIOLATION CHARGE.