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The Velvet Room assistant of Persona 4 will be playable but at an additional price.

PERSONA 4 ARENA ULTIMAX MARGARET SCREENSHOTS

Margaret is one of the three new additional characters for Persona 4 Arena Ultimax, next to Adachi and Persona 4 Golden's Marie, but will be the only one that requires payment for access. While pricing has not been announced, Margaret will arrive a week after the North and South American releases of the game.

She will posess a total of three Personas, Cu Chulainn, Yoshitsune and Ardha. To compensate, she will have a total of eight Persona cards to help her go all out with the Personas without worrying about their overall health.

You can check out screenshots of Margaret in game in the link above!