Email Disclaimer

The email to which this Disclaimer is appended, along with each attachment to the email, are for informational purposes only. Neither the email nor any attachments are intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction unless expressly stated otherwise. All market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice. The information herein or attached hereto and the data underlying the communication are based on sources that we have reason to believe are reliable, but their accuracy, relevance and timeliness have not been validated and are not guaranteed by any PentAlpha company or affiliate (individually and jointly referred to herein as “PentAlpha”) or by any third party provider. Any comments or statements made herein do not necessarily reflect those of PentAlpha. This message may contain information that is proprietary, privileged, confidential, and/or exempt from disclosure under applicable law.

Structured Products Risks

Should the information in the message involve structured products, please note that derivatives and a higher degree of risk may be present and that such products may not be suitable for all investors. Such risks include, but are not limited to, risk of adverse or unanticipated market development, issuer credit quality risk, risk of counterparty or issuer default, regulatory risk, operational risk, risk of lack of uniform standard pricing, risk of adverse events involving any underlying reference obligations, risk of high volatility, and risk of illiquidity/little to no secondary market.

Safe Harbor Statements,

The information contained in the email to which this Disclaimer is appended, along with information contained in each attachment to the email, that address events, developments or results that we expect or anticipate may occur in the future are “forward-looking statements” within the meaning of various provisions of federal and/or state law. In most cases, forward-looking statements may be identified by words such as “anticipate”, “may”, “will”, “could”, “should”, “would”, “expect”, “intend”, “plan”, “goal”, “contemplate”, “believe”, “estimate”, “predict”, “project”, “potential”, “continue”, “seek”, “strategy”, “future”, “likely”, or the negative or other variations on these words and other similar expressions. These statements, which may include without limitation PentAlpha’s views or projections (including, without limitation, estimated revenue and expense inflation rates, and discount and ‘cap’ rates) regarding future performance of assets, liabilities or entities, are made on the basis of PentAlpha’s current view and assumptions with respect to future events. Any forward-looking statement is not a guarantee of future performance and actual results could differ materially from those contained in the forward-looking statement. These statements speak only as of the date they were made, and PentAlpha undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. We operate in a changing environment. New risks emerge from time to time and it is not possible for us to predict all risks that may affect the statements made. Some of the risks involve general economic and political conditions, changes to U.S. housing and mortgage credit markets, the performance of the U.S. or global economies, the amount of liquidity in the capital or credit markets, changes in volatility in interest rates or consumer confidence and credit spreads.

Tax, Legal and Accounting Advice

PentAlpha does not provide tax, legal or accounting advice. The information contained in the email and each attachment is for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

Personally Identifiable Information

PentAlpha as a matter of its practice requests that others do not send unprotected personally identifiable information (PII) to PentAlpha. All communications involving PII are required to be in the form of attachments to emails under password protection or under encryption, or by direct delivery upon pre-agreed terms. Should the email to which this Disclaimer is appended, along with any attachment thereto, contain such unprotected PII, please delete it immediately and notify the sender.

Usage Terms 

By accepting, reviewing or using the information contained in the email and/or any related attachment, you agree that you are not authorized to disseminate, distribute or copy any of the information, including pricing information, without PentAlpha’s express written consent. PentAlpha makes the information available in reliance upon such agreement. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution, or use of the information contained herein (including any reliance thereon) is STRICTLY PROHIBITED and could be unlawful. If you received this message in error (whether or not you are the addressee), please immediately contact the sender and destroy the material in its entirety, whether in electronic or hard copy format. PentAlpha does not guarantee that communications transmitted electronically (sent or received) are secure, accurate or complete as information could be intercepted, tampered with, corrupted, lost, destroyed or delayed or could contain viruses. Although this message and any attachments are believed to be free of any virus or other defect that might affect any computer system into which they are received and opened, it is the responsibility of the recipient to ensure that the message and any attachments are virus free.

Electronic communications are not a consistently reliable means of communicating with PentAlpha. As such, PentAlpha does not accept any responsibility for the contents of any electronic communication or for any delays, inaccuracies or omissions in the receipt of your instructions or in the transmission of orders or other information. PentAlpha disclaims all liability to the fullest extent permitted by applicable law for any loss or damage arising from any reliance on or use of this message in any way.

Please note that any electronic communication that is conducted within or through PentAlpha’s electronic infrastructure is subject to monitoring, review, retention, and external production; may be stored or otherwise processed in countries other than the country in which you are located; and will be treated in accordance with PentAlpha’s operating practices and applicable laws and regulations.

By messaging with PentAlpha, you understand and accept all risks associated with electronic communications.