Certain statements included on this website may contain forward-looking statements, comments, beliefs, assumptions, and opinions that are based on the current expectations, estimates, projections, assumptions and beliefs of the Fund managers. Words such as “expects,” “anticipates,” “believes,” “estimates,” and any variation of such words or other similar expressions are intended to identify such forward-looking statements. These statements, beliefs, comments, opinions and assumptions are not guarantees of future performance and involve risks, uncertainties and assumptions which are impossible to predict with certainty. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in, or implied by, such forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which reflect the judgment of management only as of the date hereof. Tier One Capital Management disclaims any responsibility to update its views, as well as any of these forward-looking statements to reflect new information, future events or otherwise. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind. Past performance is no guarantee of future results.