Disclosure

Ascent Capital Management, LLC (“ACM”) is an SEC registered investment adviser located in Bend, OR. ACM and its representatives are in compliance with the current registration and notice filing requirements imposed upon SEC registered investment advisers by those states in which ACM maintains clients. ACM may only transact business in those states in which it is registered / notice filed, or qualifies for an exemption or exclusion from registration / notice filing requirements. ACM’s web site is limited to the dissemination of general information regarding its investment advisory services to United States residents residing in states where providing such information is not prohibited by applicable law. Accordingly, the publication of ACM’s web site on the Internet should not be construed by any consumer and/or prospective client as ACM’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Furthermore, information on this Internet site should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, personalized individual advice from ACM. Any subsequent, direct communication by ACM with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of ACM, please contact the United States Securities and Exchange Commission on their web site at www.adviserinfo.sec.gov or and/or the state securities law administrators for those states in which ACM is registered. A copy of ACM’s current written disclosure statement discussing ACM’s business operations, services, and fees is available from ACM upon written request. ACM does not make any representations as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to ACM’s web site or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

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