Shareholders Reports

Aberdeen Asset Management (“AAM”) is the marketing name in Canada for Aberdeen Asset Management Inc., Aberdeen Fund Distributors, LLC, and Aberdeen Asset Management Asia Ltd and Aberdeen Asset Management Canada Limited. Aberdeen Asset Management Inc. is registered as a Portfolio Manager in the Canadian provinces of Ontario, Nova Scotia and New Brunswick. Aberdeen Asset Management Asia Limited and Aberdeen Asset Management Canada Limited are registered as Portfolio Managers in Ontario. Aberdeen Fund Distributors, LLC operates as an Exempt Market Dealer in all provinces and territories of Canada. Aberdeen Fund Distributors, LLC and Aberdeen Asset Management Canada Limited are a wholly owned subsidiaries of Aberdeen Asset Management Inc. Both Aberdeen Asset Management Inc. and Aberdeen Asset Management Asia Ltd. are wholly owned by Aberdeen Asset Management PLC.

This information is not intended as an offer, recommendation or advice with respect to the purchase or sale of any security, and is for informational purposes only.

The views expressed herein represent the opinions of AAM and are not intended to be relied upon as a forecast or guarantee of future results. AAM reserves the right to make changes and corrections to the opinions expressed in this document at any time, without notice. AAM is not in the business of advising others as to the investing in or the buying or selling of securities except in those provinces and territories in Canada in which they are duly registered as an advisor or in which they are entitled to rely on an exemption. AAM may not be registered in all provinces and territories of Canada.

Past performance does not guarantee future results.

The purpose of this website is to provide general information about the Canadian-registered investment advisers which are part of the Aberdeen Group. Aberdeen Asset Management” is the marketing name in Canada for Aberdeen Asset Management Inc. and Aberdeen Asset Management Asia Limited (collectively “AAM”).

This information does not constitute or form part of any offer for sale or solicitation of any offer to buy or subscribe for any securities nor shall it or any part of it form the basis of or be relied on in connection with, or act as any inducement to enter into, any contract or commitment whatsoever. The information presented in this document does not constitute investment advice. The underlying entities of AAM are not holding themselves out as engaging in the business of advising others as to the investing in or the buying or selling of securities. AAM is not in the business of advising others as to the investing in or the buying or selling of securities except in those provinces and territories in Canada in which they are duly registered as an advisor or in which they are entitled to rely on an exemption. AAM may not be registered in all provinces and territories of Canada.

Some of the information in this document may contain projections or other forward looking statements regarding future events or future financial performance of countries, markets or companies. These statements are only predictions and actual events or results may differ materially. The reader must make his/her own assessment of the relevance, accuracy and adequacy of the information contained in this document and make such independent investigations, as he/she may consider necessary or appropriate for the purpose of such assessment. In considering the any prior performance information contained herein, potential investors should bear in mind that past performance is not necessarily indicative of future results, and there can be no assurance that AAM will achieve comparable results.

Any opinion or estimate contained in this document is made on a general basis and is not to be relied on by the reader as advice. Neither AAM nor any of its agents have given any consideration to nor have they made any investigation of the investment objectives, financial situation or particular need of the reader, any specific person or group of persons. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of the reader, any person or group of persons acting on any information, opinion or estimate contained in this document.

AAM reserves the right to make changes and corrections to its opinions expressed in this document at any time, without notice.