The views presented in the attached letters are those of Grisanti Brown & Partners' investment professionals as of the date of each of the letters and may not have reflected their views as of the date they were first published or at any time thereafter. Each of these letters contain broad discussions of investment techniques and methodologies that GB&P utilized during the period covered by each letter. These views are intended to assist clients in understanding GB&P and do not constitute investment advice. None of the information presented should be construed as an offer to sell or recommendation of any security mentioned therein.

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The views presented in the attached letters are those of Grisanti Brown & Partners' investment professionals as of the date of each of the letters and may not have reflected their views as of the date they were first published or at any time thereafter. Each of these letters contain broad discussions of investment techniques and methodologies that GB&P utilized during the period covered by each letter. These views are intended to assist clients in understanding GB&P and do not constitute investment advice. None of the information presented should be construed as an offer to sell or recommendation of any security mentioned therein.

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