CF&CO

These materials have been prepared and provided to you by Cantor Fitzgerald & Co. ("CF&Co.") for informational purposes only and may not be relied upon for any other purpose. The information contained herein is preliminary and subject to change. It does not constitute an offer to buy or sell or a solicitation of an offer to buy or sell any security, loan or asset or to participate in any trading strategy. It is not intended to form the basis of any investment decision or strategy, should not be considered a recommendation by CF&Co. or any other person. Sources of information are believed to be reliable but CF&Co. makes no representation and gives no warranty that the information contained herein is accurate or complete. CF&Co. undertakes no obligation to provide recipients with any additional information or any update to, or correction of, the information contained herein. This material is intended for institutional investors only and investors who CF&Co. reasonably believes are..