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Important Disclosures

Veda Partners Research is an independent research company and is not a registered investment advisor and is not acting as a broker dealer under any federal or state securities laws.

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Finally, Veda Partners Research does not have the same conflicts that traditional sell-side research organizations have because Veda Partners(1) does not conduct an investment banking activities, (2) does not manage any investment funds, and (3) our clients are only institutional investors.


Company Disclosure

Veda Partners Research has no long or short position in any security of any of the companies mentioned in this report. The Company has no contractual relationship, nor have we received any compensation from any of the companies listed in this research report.