Disclosure

TPH Asset Management LPĀ (TPHAM) is an investment adviser that is registered with the Securities and Exchange Commission (SEC) under the Investment Advisers Act of 1940.

TPHAM does not provide legal or tax advice to clients. All clients with tax considerations, including the effect of UBTI resulting from alternative investment strategies are strongly urged to consult their tax advisers regarding such issues. Past performance is not indicative of future returns.

TPHAM is an affiliated entity of Tudor, Pickering, Holt & Co. Securities, Inc. (TPHCSI) and its affiliates worldwide. Tudor, Pickering, Holt & Co. is the global brand name for the financial services companies that it owns. TPHCSI is a member of FINRA and SIPC. Tudor, Pickering, Holt & Co. International, LLP is authorized and regulated by the Financial Services Authority. Registered in England & Wales No. OC349535. Registered Office is Pellipar House, 1st Floor, 9 Cloak Lane, London EC4R 2RU.