Annie C. Lai

CIBC World Markets is a full-service investment bank headquartered in New York City. CIBC provides an internationally integrated research product through three primary strategies. In the US, the firm provides research coverage available in areas of focus, including technology, telecommunications, healthcare, energy, power generation and technology, financial institutions, consumer growth, real estate and media. In Canada, the firm offers the full spectrum of coverage for all of the sectors that form the TSE 300 Index. Their broad investment grade analysis of return bond Indices provides daily performance of the Canadian bond market. The sectors covered are: government of Canada bonds, provincial and municipal bonds and corporate bonds rated AAA/AA, A and BBB. Also available is a monthly ABS/MBS market report that provides information on ABS market conditions, market summary data and monthly performance reports on outstanding transactions. This report includes information about the MBS market, including key statistics on MBS spreads and prepayments. Another report contains MBS trading data, cash flows and other key data. A separate monthly Portfolio Valuation Report provides month end pricing for ABS and MBS transactions. Corporate debt research produces highly targeted credit analysis and research for investment grade and high yield debt securities. The corporate bond review covers bond market action, new issues, price/yield movements, rating changes, and buy/sell recommendations. The fixed-income research group produces actionable fundamental and technical analysis, strategies, products, and runs bond indexes and quantitative models relating specifically to fixed income markets, bond portfolios, and individual securities. CIBC provides risk management solutions to corporations, investors, financial institutions, and governments across all asset classes: interest rates, equities, credit, currency, and commodities. CIBC World Markets is a subsidiary of Canadian Imperial Bank of Commerce.

Rudman Capital Management LLC (Rudman Capital) is an independent hedge fund manager headquartered in New York City. The firm was founded by Errol M. Rudman in 1970 as Rudman Associates and changed their name to Rudman Capital Management LLC in 1984. Rudman Capital manages long-biased and long/short hedge funds for high net worth clients.

BofA Distributors, Inc. is a broker/dealer located in Boston. The firm is a subsidiary of BofA Advisors LLC and their ultimate parent is Bank of America Corp. (NYSE: BAC). They were formerly known as Columbia Management Distributors, Inc. The firm provides a full array of trading and execution services for their clients. BofA Distributors does not provide any internal research.

Founded in 2002 by Michel Amsalem, Midsummer Capital LLC is a hedge fund manager located in New York City. They manage the Midsummer Partners LP, the Midsummer Ventures LP, the Midsummer Partners II LP, the Midsummer Partners Ltd., the Midsummer Partners II Ltd., the Midsummer International Offshore LP, the Midsummer Ventures Ltd. and the Midsummer Investment Ltd

Oppenheimer & Co., Inc. (Broker) (Oppenheimer-Broker) is the global full-service brokerage division of Oppenheimer & Co., Inc., an investment boutique headquartered in New York City with additional offices nationwide. Founded in 1975, the firm is owned directly by Viner Finance Inc., an indirect subsidiary of Oppenheimer Holdings Inc. (NYSE: OPY). Oppenheimer-Broker offers a full array of brokerage services to retail, institutional, and corporate clients.

Ortelius Capital Partners LLC (OCP) is an independent registered investment advisor and hedge fund manager headquartered in New York City. The firm was founded by Peter D. DeSorcy and H. R. H. P. Pavlos in 2002. OCP provides investment supervisory services to multiple private pooled investment vehicles.