Utilizing the aforementioned forecast sample, we assess the quality of ensemble-based probabilistic forecasts of rare events, such as episodes of rapid intensification and rapid over-water weakening. For TC position, we validate how well the ensemble-based TC forecast position covariance matrix characterizes the leading direction of position variability and its magnitude. We also assess the ability of the ensemble to discriminate between forecast scenarios with differing amounts of position and intensity uncertainty, and investigate the covariance between position and intensity predictions. Finally, we present the usual first-moment statistics and draw conclusions regarding the future prospects of regional dynamical model ensemble prediction of tropical cyclones.