Disclaimer

DISCLAIMER

We’ll endeavor to make this very clear by placing this disclosure right at the top. Neither the BDC News Wire nor the BDC Stock Report (together BSR), its parent Company Institutional Analyst Inc., (IA) are licensed to sell securities. We are not a Broker/Dealer, a Private Placement Agent nor a Registered Investment Advisor.

Investors should note that an investment in a BDC Fund and closed-end funds involve substantial risks including trading at a discount to net asset value (NAV) and the share price may move in a direction opposite to the direction of NAV. The net asset value can also move in the opposite direction of the stock market in general and in addition, the underlying securities held in a funds portfolio could suffer significant price depreciation during difficult economic conditions affected NAV and possibly exasperated due to lower and lowering credit qualities during such times.

Past investment results are no guarantee of future results. Not all fund portfolio investments have been or will be profitable. Investing in a Fund’s shares can also result in losses which may or may not be recovered, by investors with longer investment time horizons.

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When using the website, you understand that any forward-looking statements made in a press release, webcast, or displayed on materials posted on our website, are based upon data available at the time of the presentation and speak only as of the date on which they are made, and you understand and agree that BSR, IA, and RIO expressly disclaims any obligation to update such statements for any reason, even if new information becomes available or other events occur in the future.

We are not compensated to sell any of the offerings or listings you may find on this website, nor do we recommend any of the offerings you may find on this site or offerings linked to from this website. Further, linking to third party websites and/or platforms does not imply approval or recommendation of such websites.

We are compensated by certain Companies to post basic listing information, with links to the site and/or platform where further information on the issuer can be found. We are compensated to carry the same information, which is delivered to the subscribers of the weekly and monthly BSR newsletter. We are compensated to carry the same information in newsletter alerts, for newly listed or outstanding offerings.

We offer to Companies for compensation, the option of delivering their basic listing information to the email addresses of various financial newsletter subscribers including the and/or directly to custom email databases such as Investment Brokers, Investment Bankers, Investors filtered by prior investment size, prior category investment (such as technology) and geographically. We never share subscriber email addresses or subscriber information.

We do not perform due diligence on any Company listed on our website, without regard to whether we have been compensated or not. We do not perform due diligence on any website and/or platform which we link to.

We may on occasion conduct Interviews with the management and/or do corporate reviews of and products reviews from Companies who have their offerings listed on our site, for compensation. All reviews should be considered to constitute a conflict of interest and prone to be overly optimistic and/or overly complimentary (ie: ‘Top Managed BDC’s.’)

All Top Lists (such as Top Performing BDC’s, Highest Yielding, etc) are compiled from data (206 data points) accessed from CEF data and may or may not be accurate in all instances, depending on the third-party data feeds originating the data. Data glitches happen.

In any and all instances, when we are compensated, there will be an easily identifiable ‘breadcrumb’ stating ‘Client.’ Under no circumstances will any of our interviews, product, and corporate reviews discuss any of the terms and/or merits of any offering.

Regulation D offerings linked to from BSR are only suitable for accredited investors. All company listings on BSR are only appropriate for investors who are familiar with and willing to accept the high risk associated with funds which invest in startup investments. Some securities sold via the various platforms linked to are not publicly traded (non-traded BDC’s) and are not liquid investments. Companies seeking investments on platforms linked from BSR tend to be in very early stages of development with little or no operating history. Investors must be able to afford to hold their investment for an indefinite period of time, as well as the ability to lose their entire investment.

Investing in Funds which invest in startups and early-stage businesses involve RISKS including ILLIQUIDITY, LACK OF DIVIDENDS, LOSS OF INVESTMENT and DILUTION. If you choose to invest in businesses displayed on this portal, you need to be aware and accept that (1) you should invest money you can afford to lose, (2) the stock purchased may be restricted, that is such asset is highly illiquid, (3) even if the business is successful, you might not receive any cash return on your investment for years, (4) ordinary events in the life of the firm can cause your ownership percentage to decline, and (5) investments in early-stage companies, should be done only under a larger investment plan whereby the vast majority of the capital is placed in safer, more liquid assets. You typically will only be allowed to invest with most new BDC’s after you have registered and completed their varying educational requirements (which we highly recommend).

TERMS OF SERVICE

By viewing material on this website, you agree to the following Terms of Service. Use of the BSR is at your own risk. In no event should Institutional Analyst Inc., Revelers.IO Media Group Inc., or any affiliated party be liable for any direct or indirect losses caused by any information derived from this site or on sites we link to. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any investment decision with respect to transacting in any securities or offerings listed herein.

You should assume that as of the publication date of any Executive Interview, Press Release, Product or Corporate Review, that IA, BSR or Revelers.IO Media Group Inc., (possibly along with or through our members, partners, affiliates, employees, and/or consultants) along with our clients and/or investors may have a long position in the offerings covered herein, and therefore stands to realize significant gains in the event that the value of any offering covered or listed herein rises.

Nothing on our website or newsletters constitute an offer to sell or a solicitation or an offer to buy any offering or security, nor shall any offering or security be offered or sold to any person, in any jurisdiction in which such offer would be unlawful under the securities laws of such jurisdiction. Such an offer or solicitation can only be made directly by the issuers, and those issuers are solely responsible for the contents of any offering materials made available to prospective investors on the various crowdfunding platforms engaged by the issuer.

To the best of our ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources we believe to be accurate and reliable, and who are not insiders or connected persons of the offering covered herein or who may otherwise owe any fiduciary duty or duty of confidentiality to the issuer.

However, such information is presented “as is,” without warranty of any kind – whether express or implied. IA, BSR and Revelers.IO Media Group Inc., makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use. All expressions of opinion are subject to change without notice, and IA, BSR and Revelers.IO Media Group Inc., does not undertake to update or supplement any report or any of the information contained herein.

If you are in the United Kingdom, you confirm that you are subscribing and/or accessing IA, BSR or Revelers.IO Media Group Inc., information derived from its website and materials on behalf of:

(A) a high net worth entity (e.g., a company with net assets of GBP 5 million or a high-value trust) falling within Article 49 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “FPO”); or

(B) an investment professional (e.g., a financial institution, government or local authority, or international organization) falling within Article 19 of the FPO.

You further agree that any dispute arising from your use of the BSR website or viewing the material hereon shall be governed by the laws of Florida, without regard to any conflict of law provisions. You knowingly and independently agree to submit to the personal and exclusive jurisdiction of the superior courts located within the State of Florida and waive your right to any other jurisdiction or applicable law, given that accessing IA, BSR and Revelers.IO Media Group Inc., has an office in Florida. The failure of accessing IA, BSR or Revelers.IO Media Group Inc., to exercise or enforce any right or provision of these Terms of Service shall not constitute a waiver of this right or provision. If any provision of these Terms of Service is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties’ intentions as reflected in the provision and rule that the other provisions of these Terms of Service remain in full force and effect, in particular as to this governing law and jurisdiction provision. You agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of this website or the material herein must be filed within one (1) year after such claim or cause of action arose or be forever barred.

Special Notice About Third-Party Websites, Advertisers Or Services

IA, BSR or Revelers.IO Media Group Inc., (RIO) may contain links to third-party websites, advertisers, resources or services that are not owned or controlled by RIO (“Third Party Sites”). IA, BSR and RIO have no control over and assumes no responsibility for suitability or viability of offerings, the content, privacy policies, or practices of any Third Party Sites. If you access a Third Party Site from IA, BSR or RIO, you do so at your sole risk and you acknowledge and understand that this Agreement and IA, BSR and RIO’s Privacy Policy do not apply to your use of Third Party Sites. You expressly relieve IA, BSR and RIO from any and all liability arising from your use of any Third Party Site, any content, advertising, products or other materials on or available through Third Party Sites, or third-party owned or controlled content. Additionally, your dealings with or participation in promotions of advertisers found on IA, BSR and RIO including without limitation, payment, and delivery of goods and services and any other terms (such as warranties) are solely between you and those advertisers. IA, BSR, and RIO are not and cannot be responsible for any loss or damage you suffer relating to your dealings with these advertisers.

When you visit a site from a link on this website, we encourage to read the disclaimers, disclosures, terms and conditions and privacy policy of each Third Party Site or service that you visit.

Institutional Analyst Inc., 310-594-8062