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COMPLIANCE STATEMENT
All data is as of June 30, 2025. These materials are confidential and intended solely for the designated recipient. Distribution is permitted only to persons who may lawfully receive them. The information is provided on a non-reliance basis and does not constitute legal, tax, or investment advice, nor an offer or solicitation to buy or sell any security. Although data is derived from sources believed reliable, no representation or warranty is made as to its accuracy or completeness. Opinions expressed reflect conditions as of the stated date and are subject to change without notice. Recipients are responsible for ensuring compliance with all applicable laws and regulations when sharing or relying upon this material.


