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Additional information is available on request. Prices and availability are indicative only and subject to change without notice. Information herein is believed to be reliable but Lebenthal does not warrant its completeness or accuracy. Opinions and estimates constitute our judgment and are subject to change without notice. Past performance is not indicative of future results. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Lebenthal and/or its affiliates and employees may hold a position or act as market maker in the financial instruments of any issuer discussed herein or act as underwriter, placement, agent, advisor or lender to such an issuer. Lebenthal is a member of SIPC. Clients should contact a Lebenthal representative and execute transactions through a registered Lebenthal representative.

This communication is for informational purposes only. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. All market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice. Any comments or statements made herein do not necessarily reflect those of Lebenthal, its subsidiaries and affiliates.