Regulatory Disclosure

This website (the “Website”) provides a general description of Highwood Value Partners, Inc. (the “Firm”). The Firm is registered with the British Columbia Securities Commission, the Alberta Securities Commission and the Ontario Securities Commission (the “Commissions”) as a portfolio manager under National instrument 31-103 Registration Requirements, Exemptions and Ongoing Registration Obligations (“NI 31-103”). Desmond Kingsford, the principal of the Firm, is registered as the advising representative of the Firm under NI 31-103 with the Commissions.

The information presented in this Website is not investment advice, should not be relied on as such, and should not be viewed as an investment recommendation by the Firm or Mr. Kingsford generally, or an offer or a solicitation of an offer for the purchase of any securities.  Recipients should not make any investment decisions based on the information contained in this Website.  The Website is presented solely to illustrate the Firm’s investment process and strategies and should not be used for any other purpose whatsoever.

While the Firm’s investment mandate is designed to reduce risk the program will inherently entail substantial risks.  There can be no assurance that the investment objective of the Firm will be achieved. In fact, the investment techniques that the Firm may employ from time to time may, in certain circumstances, substantially increase the adverse impact on the Firm’s investment portfolio. Accordingly the Firm’s activities could result in substantial losses under certain circumstances. Past performance of Mr. Kingsford and his affiliates is not necessarily indicative of the future results and any prospective clients of the Firm will need to be prepared to lose all or substantially all of their investment.  The Firm will give no warranty as to the performance or profitability of any client account or that the investment objectives of a client’s account will be successfully accomplished.

None of the Firm or Mr. Kingsford or their respective affiliates, associates, shareholders, directors, officers, employees, agents or representatives (collectively, the “Representatives”), as applicable, makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this Website or any other information (whether communicated in written or oral form) transmitted or made available to recipients, and the Representatives expressly disclaim any and all liability relating to or resulting from the use of this Presentation or such other information by a recipient or any of its affiliates, associates or representatives.  The Representatives will not be liable for any errors (as a result of negligence or otherwise, to the fullest extent permitted by law in the absence of fraud) in the information, beliefs, assumptions, expectations and/or opinions included in this Website, or, as noted above, for the consequences of relying on such information, beliefs, assumptions, expectations and/or opinions.