CGAM Newsletter April 2017

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DISCLAIMER

The data and analysis contained herein are provided “as is” and without warranty of any kind, either expressed or implied. Continuum Global Asset Management LLC (CGAM), any CGAM affiliates or employees, or any third party data provider, shall not have any liability for any loss sustained by anyone who has relied on the information contained in any CGAM publication. All opinions expressed herein are subject to change without notice, and you should always obtain current information and perform due diligence before trading. CGAM accounts that CGAM or its affiliated companies manage, or their respective shareholders, directors, officers and/or employees, may have long or short positions in the securities discussed herein and may purchase or sell such securities without notice. CGAM uses and has historically used various methods to evaluate investments which may, at times, produce contradictory recommendations with respect to the same securities. When evaluating the results of prior CGAM recommendations or CGAM performance rankings, one should also consider that CGAM may modify the methods it uses to evaluate investment opportunities from time to time, that model results do not impute or show the compounded adverse effect of transaction costs or management fees or reflect actual investment results, that other less successful recommendations made by CGAM are not included with these model performance reports, that some model results do not reflect actual historical recommendations, and that investment models are necessarily constructed with the benefit of hindsight. For this and for many other reasons, the performance of CGAM’s past recommendations and model results are not a guarantee of future results. The securities mentioned in this document may not be eligible for sale in some states or countries, nor be suitable for all types of investors; their value and income they produce may fluctuate and/or be adversely affected by exchange rates, interest rates or other factors. All of the views expressed in CGAM research reports accurately reflect the research analyst’s personal views regarding any and all of the subject securities or issuers. No part of any analyst compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in a research report. Further distribution prohibited without prior permission. Copyright 2009 © Continuum Global Asset Management LLC. All rights reserved.