Terms of Use and Disclaimer

The material on this web site is owned by O'Shaughnessy Asset Management, L.L.C. ("OSAM"). It is posted without regard to the specific investment objectives, financial situation, or particular needs of any visitor. This site is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments.

Visitors should not regard it as a substitute for the exercise of their own judgment or specific investment advice. Any opinions expressed at this site are subject to change without notice; OSAM is not under any obligation to update or keep current the information contained at this site. We recommend that you consult with a licensed, qualified professional before making any investment decisions. A prospective client of OSAM should review Part II of OSAM's Form ADV, as filed with the Securities and Exchange Commission. Download Part II of OSAM's Form ADV.

No Warranty or Guarantee Implied

No warranty or guarantee is given regarding the accuracy, reliability, veracity, or completeness of the information provided here or by following links from this or any other page within our web site.

The information contained herein is based on sources we believe reliable, but its accuracy is not guaranteed. OSAM and/or its affiliates may at times have a position in the securities described herein. Commentary expresses opinions only. More complete information is available upon request. Past performance is no guarantee of future results.

Limitation of Liability

Neither OSAM nor its affiliates shall be liable for any incidental, indirect, consequential or special damages, including loss of revenue or income, pain and suffering, emotional distress that result from the use of, or the inability to use, the materials in these sites, or similar damages even if they or either of them have been advised of the possibility of such damages.

Special Notice to Visitors

If you intend to join any discussion forum, read hyperlinked news articles, messages, commentary, editorial content, broadcasts, alerts or other information from these sites concerning companies, stock quotes, investments or securities, please note the following:

Your use of this site is at your sole discretion and risk.

OSAM makes no warranty that our site will meet your requirements and our site will be uninterrupted, secure, or error-free. As a participant and/or reader of our material, you may NOT:

• use this web site for illegal purposes or for the transmission of material that is unlawful, harassing, libelous, invasive of another's privacy, abusive, threatening, harmful, vulgar, obscene, tortuous, improper or otherwise objectionable.
• post material which infringes the intellectual property rights, copyrights or other rights of others. The links you provide are your sole discretion and responsibility. OSAM is NOT responsible for your infringement.
• post information that is construed to be advertising or spam.

As a participant and/or reader, be advised that the Internet is a "faceless" medium. Posters may pretend to be people they are not. Some may have dishonest and/or deceitful intentions or may have inaccurate information. YOU should do your own research and make your own investigation before making ANY financial decision.

The Risk is yours.

Important Consumer Information

An investment adviser or its representative may only transact business in a particular state after licensure or satisfying qualifications, requirements of that state, or only if they are excluded or exempted from the state's investment adviser or representative requirements, as the case may be; and

Follow-up, individualized responses to consumers in a particular state by an investment adviser or representative that involve rendering personalized investment advice for compensation shall not be made without first complying with the state's investment adviser or representative requirements, or pursuant to an applicable state exemption or exclusion.

For information concerning the licensure status or disciplinary history of an investment adviser or reprepresentative, a consumer should contact his or her state securities law administrator.

These Terms of Use shall be governed by and construed in accordance with the laws of the State of Connecticut, without regard to such state's rules regarding conflicts of laws. By accessing this site, you agree that courts located in Connecticut shall have exclusive jurisdiction over all claims and actions arising out of or relating to these Terms of Use and/or your use of this site, and you further agree and submit to the exercise of personal jurisdiction of such courts and consent to extraterritorial service of process for the purpose of litigating any such claim or action.