Legal

The information contained herein is believed to be accurate as of the date of issue of this presentation. No representation or warranty is made as to its continued accuracy after such date and portfolio risk composition and characteristics are subject to change at any time. Performance information is calculated on the basis of unaudited numbers and includes the reinvestment of net earnings. All performance numbers are net of management fees and expenses. Individual returns for each investor will vary because of, among other things, the timing of such individual’s investment. Past performance is not necessarily indicative of future results.

Nothing contained herein constitutes an offer to sell, or the solicitation of an offer to buy, an interest in any fund. Such an offer or solicitation may only be made by delivery of an Offering Memorandum and subscription documents that contain a more detailed description of all the material terms of such an investment, including discussions of certain specific risk factors, tax considerations, fees and other matters relevant to prospective investors in that fund. The information herein is not intended to provide, and should not be relied upon for, accounting, legal or tax advice or investment recommendations. You should consult your tax, legal, accounting or other advisers about the matters discussed herein.