Important Disclosures

IMPORTANT DISCLOSURE INFORMATION

Aviance Capital Management, LLC ("Aviance") is an SEC registered investment adviser located in Sarasota, Florida. Aviance and its representatives are in compliance with the current filing requirements imposed upon SEC registered investment advisers by those states in which Aviance maintains clients. Aviance may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Aviance's web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Aviance'sweb site on the Internet should not be construed by any consumer and/or prospective client as Aviance'ssolicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by Aviance 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 Aviance, please contact the SEC or the state securities regulators for those states in which Aviance maintains a notice filing. A copy of Aviance'scurrent written disclosure statement discussing Aviance'sbusiness operations, services, and fees is available from Aviance upon written request. Aviance does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Aviance's web site or incorporated herein, and takes no responsibility therefor. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Please remember that past performance may not be indicative of future results. Please also remember that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy (including those undertaken or recommended by Aviance), will be profitable or equal any historical performance level(s).

Certain portions of Aviance's web site (i.e. newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, Aviance's (and those of other investment and non-investment professionals) positions and/or recommendations as of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from Aviance, or from any other investment professional. Aviance is neither an attorney nor an accountant, and no portion of the web site content should be interpreted as legal, accounting or tax advice.

Each client and prospective client agrees, as a condition precedent to his/her/its access to Aviance'sweb site, to release and hold harmless Aviance, its officers, directors, owners, employees and agents from any and all adverse consequences resulting from any of his/her/its actions and/or omissions which are independent of his/her/its receipt of personalized individual advice from Aviance.

The contents of the Aviance Capital Management site on the Internet are protected by applicable copyright laws. No permission is granted to copy, distribute, modify, post or frame any text, graphics, video, audio, software code, or user interface design or logos. ALL INFORMATION AND CONTENT ON THE AVIANCE CAPITAL MANAGEMENT WEBSITE ARE SUBJECT TO APPLICABLE STATUTES AND REGULATIONS, FURNISHED “AS IS”, WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABLILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT. THE THIRD PARTY MARKS APPEARING ON THIS SITE ARE THE PROPERTY OF THEIR RESPECTIVE OWNERS. ALL OTHER MARKS APPEARING ON THE SITE ARE THE PROPERTY OF AVIANCE CAPITAL MANAGEMENT, LLC.