Disclaimer

Secutor Capital Management Corporation( SCMC) and its affiliated companies have provided the information, text, and graphics herein as a convenience for informational purposes only. Persons accessing this information assume full responsibility for its use. Past performance is not a guarantee of future results, and no representation or warranty, express or implied, is made regarding the future performance of any security or strategy mentioned herein.

Securities or investment strategies mentioned in this material may not be suitable for all investors or portfolios. The information contained in this material is not intended as a recommendation directed to a particular investor or class of investors and is not intended as a recommendation in view of the particular circumstances of a specific investor, class of investors or a specific portfolio. You should not take any action with respect to any securities or investment strategy mentioned herein without first consulting your own Advisors(s) in order to ascertain whether the securities or investment strategy mentioned are suitable to your particular circumstances. This information is not a substitute for obtaining professional advice. The information contained herein has been obtained from sources believed to be reliable at the time obtained but neither SCMC or its affiliates, employees, agents, or information suppliers can guarantee its accuracy or completeness. This material is not, and under no circumstances, is to be construed as an offer to sell or the solicitation of an offer to buy any securities. This material is furnished on the basis and understanding that neither SCMC nor its affiliates is to be under any responsibility or liability whatsoever in respect thereof. This material is not intended nor does it constitute tax or legal advice. Readers should consult their own lawyer, accountant or other professional advisor when planning to implement a strategy. Said material and any commentary is subject to change without notice and is provided in good faith but without legal responsibility.

Secutor Capital Management Corporation is registered as an Investment Dealer (or its equivalent) in the province of Ontario, Quebec, British Columbia, Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador, and is governed by, and is in good standing with The Ontario Securities Commission, The Investment Industry Regulatory Organization of Canada, The Canadian Investor Protection Fund and the National Bank Correspondent Network. Secutor Structured Strategies Corp. and Secutor Bancorp Inc. are governed by, and in good standing with The Financial Services Commission of Ontario.

Full Disclaimer: April 25, 2016

SECUTOR CAPITAL MANAGEMENT CORPORATION