Past performance does not guarantee future results, which may vary. The economic and market forecasts presented herein are for informational purposes as of the date of this presentation. There can be no assurance that the forecasts will be achieved. Any reference to a specific company or security does not constitute a recommendation to buy, sell, hold or directly invest in the company or its securities. Gencap & Co. LLC does not provide investment, accounting, tax or legal advice. Investors are urged to consult with their financial advisors before buying or selling any securities. The economic and market forecasts presented herein have been generated by Gencap & Co. LLC exclusively for informational purposes as of the date of this presentation.