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Note to All Readers: The information contained herein reflects, as of the date hereof, the views of Clark Dodge Asset Management, LLC and sources believed by Clark Dodge Asset Management, LLC to be reliable. No representation or warranty is made concerning the accuracy of any data compiled herein. In addition, there can be no guarantee that any projection, forecast or opinion in these materials will be realized. Past performance is neither indicative of, nor a guarantee of, future results. The views expressed herein may change at any time subsequent to the date of issue hereof. These materials are provided for information purposes only, and under no circumstances may any information contained herein be construed as investment advice. Clark Dodge Asset Management, LLC does not provide tax, legal or accounting advice. The information contained herein does not take into account your particular investment objectives, financial situation, or needs, and you should, in considering this material, discuss your individual circumstances with professionals in those areas before making any decisions. Any information contained herein may not be construed as any sales or marketing materials in respect of, or an offer or solicitation for the purchase or sale of, any financial instrument, product or service sponsored or provided by Clark Dodge Asset Management, LLC or an agent thereof. References to specific securities are presented solely in the context of industry analysis and are not to be considered recommendations by Clark Dodge Asset Management, LLC. Clark Dodge Asset Management may have positions in, and may affect transactions in, the markets, industry sectors and companies described herein.