Greenwich Investment Management, Inc. is a Securities and Exchange Commission registered Investment Advisor. Past performance is no guarantee of future results.

PERFORMANCE NOTES
Performance presented here represents past performance, which cannot guarantee future results. Investment return and principle value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance quoted here. Portfolio characteristics and holdings are subject to change periodically and may not be representative of current characteristics and holdings.

The performance results reflect the deduction of management and administrative fees. The client is referred to the Investment Advisor Agreement for a full disclosure of the applicable fee schedule.

DISCLOSURE/DISCLAIMER
Greenwich Investment Management's web site is limited to the dissemination of generic information pertaining to our advisory services along with access to investment related information and links. The publication of Greenwich Investment Management's web site should not be construed by any consumer or prospective client as a solicitation to effect transactions in securities or the rendering of personalized investment advice for compensation. A copy of Greenwich Investment Management's current written disclosure statement discussing its business operations, services and fees is available upon request. Greenwich Investment Management does not make any representation or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party whether linked to Greenwich Investment Management's web site or incorporated herein. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly. 

Past performance may not be indicative of future results. Therefore, no current or prospective clients should assume that future performance of any specific investment or strategy (including those recommended by Greenwich Investment Management) or product made reference to directly or indirectly by Greenwich Investment Management in its web site, or indirectly via a link to an unaffiliated third party web site, will be profitable or equal the corresponding indicated performance level(s). Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be suitable or profitable for a client or prospective client's investment portfolio. Historical performance results, investment indices, and/or categories generally do not reflect the deduction of transaction fees, the deduction of an investment management fee, nor the impact of taxes, the incurrence of which have the effect of decreasing historical performance results. 

Certain portions of Greenwich Investment Management's web site may contain discussion of and/or provide access to Greenwich Investment Management's (and those of other investment and non-investment professionals) positions and/or recommendations as of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and recommendaitons. Moreover, no client or prospective client should assume that any such discussion serves as receipt of, or substitute for, personal advice from Greenwich Investment Management or from any other investment professional. Greenwich Investment Management is not an attorney and no portion of their web site content should be interpreted as legal advice. 

To the extent that any client or prospective client utilizes any economic calculator or similar device contained within or linked to Greenwich Investment Management's web site, the client or prospective client acknowledges and understands that the information resulting from the use of any such calculator/device, is not, and should not be construed in any manner whatsoever, as the receipt of, or substitute for, personalized individual advice from Greenwich Investment Management or from another investment professional. 

Each client or prospective client agrees, as a condition precedent to his/her its access to Greenwich Investment Management's web site, to release and hold harmless Greenwich Investment Management, its officers, directory, owners, and employees from any and all adverse consequences resulting from and of his/her/its actions and/or omissions which are independent of his/her/its receipt of personalized individual advice from Greenwich Investment Management. 

Greenwich Investment Management, Inc. Privacy Policy

Information We Collect
Greenwich Investment Management, Inc. must collect certain personally identifiable financial information about its customers to ensure that it offers the highest quality financial services and products. The personally identifiable financial information which we gather during the normal course of doing business with you may include: 

1. information we receive from you on applications or other forms; 
2. information about your transactions with us, our affiliates, or others;
3. information collected through an Internet "cookie" (an information collecting device from a web server);
4. information we receive from a consumer reporting agency  

This notice is being provided to you in accordance with the Securities and Exchange Commission's rule regarding the privacy of consumer financial information ("Regulation S-P"). Please take the time to read and understand the privacy policies and procedures that we have implemented to safeguard your nonpublic personal information. 

Information We Disclose
We do not disclose any nonpublic personal informaiton about our customers or former customers to anyone, except as permitted by law. In accordance with Section 248.13 of regulation S-P, we may disclose all of the information we collect, as described above, to certain nonaffiliated third parties such as attorneys, accountants, auditors, and persons or entities that are assessing our compliance with industry standards. We enter into contractual agreements with all nonaffiliated third parties that prohibit such third parties from disclosing or using the information other than to carry out the purposes for which we disclose the information. 

Confidentiality and Security
We restrict access to nonpublic personal information about you to those employees who need to know that information to provide financial products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your nonpublic personal information. 

Privacy Policies of GIM Custodians
In addition to the Greenwich Investment Management Privacy Policy expressed here, clients of GIM should also be aware that their personal information is also subject to and protected by the Privacy Policy of the custodian with which their account is held.