NISOURCE INC.

**Signal Note: NiSource Inc. (NI) - Eventide Position Initiation** Eventide's $47.3M position in NiSource represents a significant allocation to a regulated utility rather than a biotech holding, suggesting either a portfolio rebalancing or conviction in NiSource's ESG/values-aligned infrastructure investments. This signals Eventide's confidence in the utility sector's stability as a counterweight to higher-volatility biotech positions, though the move lacks the near-term clinical or regulatory catalysts typical of biotech-focused allocations.