LEGAL DISCLAIMERS

General Disclaimers:  This Web site is designed to provide general and not specific information about investment-related topics.  The material provided on this Web site is for informational purposes only and is subject to change without notice.  The material should not be viewed as a complete description or representation of the investment programs or strategies discussed.  Cardinal Advisers LLC disclaims, without limitation, any and all liability for any loss or damages of any kind, including any direct, indirect or consequential damages, which might arise from the use of or access to this Web site, or any links to the third-party Web sites.  The information contained in the Web site is not an offer to sell or the solicitation of an offer to purchase any security or to subscribe to any investment or advisory service.  The information is not intended to be used as the basis for investment decisions, nor should the information be construed as advice designed to meet your particular needs or the particular needs of any individual investor.  No portion of this Web site is directed to persons who reside in jurisdictions that prohibit by any law, rule or regulation Cardinal from making the information on this Web site available to its residents.  Cardinal may only transact business in your jurisdiction if first registered or excluded or exempted from investment adviser registration requirements. Follow-up, individualized responses to persons in a specific jurisdiction by Cardinal that involve the provision of investment advice will not be made absent compliance with the applicable jurisdiction’s investment adviser registration requirements, or an applicable exemption or exclusion therefrom.  Cardinal and the shareholders, members, managers, directors, officers, employees and agents of Cardinal and any of its or their affiliates may hold a position in any securities mentioned in this Web site or mentioned in any linked Web site and may from time to time purchase or sell any such securities.

Investment Risks:  Cardinal is not a bank and investments made through Cardinal are not FDIC insured, are not deposits or other obligations of any financial institution, and are not guaranteed by any financial institution. Investments in securities involve risks including the possible loss of the principal invested.  The value of an investment will fluctuate and, upon sale, may be worth more or less than its original cost.  Debt and equity investments associated with certain foreign countries may involve increased volatility and risk due to, without limitation, political risk, sovereign risk, economic risk, currency risk, declines in credit quality, liquidity risk, and differences in accounting standards. The nature and extent of these risks vary from country to country, among investment instruments, and over time.  Past performance is not indicative of future results.  You should not assume that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this Web site will be profitable or will be equal to any corresponding performance levels that might be provided.  Investment risks are risks borne solely by the investor and not by Cardinal.

Links:  At certain places on our Web site, live links to other Internet addresses can be accessed.  Links to such addresses are for convenience only.  Such external Internet addresses contain information created, published, maintained, or otherwise posted by institutions, organizations or individuals independent of Cardinal.  We do not endorse, approve, certify, or control these external Internet addresses and do not guarantee or assume responsibility for the accuracy, completeness, efficacy, or timeliness of information provided at such addresses.

Internet E-Mail:  Any unprotected e-mail communication over the Internet is not confidential, is subject to possible interception or loss, and is also subject to possible alteration.  Cardinal is not responsible for and will not be liable to you or any third party for any damages in connection with an e-mail sent by you to Cardinal or an e-mail sent by Cardinal to you at your request or on an ad-hoc basis.

Trademarks and Copyrights:  Certain names, words, titles, phrases, logos, icons, graphics or designs or other content in the pages of this Web site are trade names, trademarks, or protected by copyright laws.  Any unauthorized downloading, re-transmission, or other copying or modification of trademarks and/or the contents of this Web site may be a violation of federal or other law that may apply to trademarks and/or copyrights and could subject the copier to legal action.  Unless otherwise authorized, no one has permission to copy, redistribute, reproduce, republish, store in any medium, retransmit, modify or make public or commercial use of, in any form, the information contained on this Web site