Brokerage services offered through Acervus Securities, an SEC-registered broker-dealer and member FINRA/SIPC. Acervus Securities, Inc. is not acting as a municipal advisor and the opinions or views contained herein are not intended to be, and do not constitute, advice within the meaning of Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. This message, and any attachments, is not an offer, or solicitation of an offer, to buy or sell any security or other product. The recipient is responsible for evaluating any material herein and deeming suitability of investments for their clients. Financial product data is provided by our partners and is subject to change without notice. This message is intended for Advisors and Professional Investors only. If you have received this communication in error, please destroy all electronic and paper copies and notify the sender immediately. Acervus Securities, Inc. reserves the right, to the extent permitted under applicable law, to monitor, review and retain all electronic communications traveling through its networks and systems. By messaging with Acervus Securities, Inc., you consent to the foregoing. Message transmissions cannot be guaranteed to be secure, timely or error-free. To learn about our privacy policy please visit our Privacy Policy website. To learn more about Acervus Securities investment business, products and services, as well as our relationship with you, please review our Acervus Securities Form CRS. For information regarding our Business Continuity Plan, please click here.

For Panama Clients Only

These securities have not been registered with the Superintendence of the Securities Market, nor the offer, sale, or transaction on them. The exemption from registration is based on paragraph 3 of Article 83 of Decree Law 1 of July 8, 1999 (Institutional Investor). Consequently, the tax treatment provisions of Articles 269 to 271 of Decree Law 1 of 8 July 1999 are not applicable. These securities are not under the supervision of the Superintendence of the Securities Market. Institutional Investors are required to hold these securities for one year and are responsible for complying with the holding period requirement.

For UK Clients Only

This communication is directed solely to persons having professional experience in matters relating to investments. Any related investment or investment activity is only available to such persons. Anyone who does not have professional experience in matters relating to these investments should not act on this communication.

For Chile Clients Only

The offer of the securities is subject to General Rule No. 336 issued by the Chilean Commission for Financial Markets (Comisión para el Mercado Financiero or CMF). The subject matter of this offer are securities not registered with the Securities Registry (Registro de Valores) of the CMF, nor with the Foreign Securities Registry (Registro de Valores Extranjeros) of the CMF; therefore, such securities are not subject to the supervision of the CMF. Since the securities are not registered in Chile, there is no obligation of the issuer to make publicly available information about the securities in Chile. The securities shall not be subject to public offering in Chile unless registered with the relevant registry of the CMF.