Disclosures

This material is for informational and discussion purposes only and is not intended as an offer to sell or a solicitation of an offer to buy any security, investment product, or investment advisory service. The information contained herein does not constitute investment, legal, regulatory, tax, accounting, or other professional advice and should not be relied upon as such.

Unless otherwise noted, all information, views, and opinions expressed are as of the date of this report and are subject to change without notice. There can be no assurance that the views expressed herein will prove to be correct or that the trends described will continue. Past performance is not indicative of future results.

This material reflects the views of Thirdpath and is based on information believed to be reliable; however, Thirdpath makes no representation or warranty, express or implied, as to the accuracy, completeness, or fairness of the information or opinions contained herein and accepts no liability for any direct or indirect losses arising from its use.

Certain information has been obtained from third-party sources, which have not been independently verified. Any forward-looking statements included herein are based on current expectations, estimates, assumptions, and projections and involve known and unknown risks and uncertainties that may cause actual outcomes to differ materially. Words such as “may,” “should,” “expects,” “believes,” “estimates,” “anticipates,” or similar expressions are intended to identify forward-looking statements.  Any projections are, by their nature, hypothetical, and are provided solely for illustrative purposes.

All investments involve risk, including the potential loss of capital. Risks may include, but are not limited to, market risk, credit risk, liquidity risk, interest rate risk, valuation risk, and conflicts of interest. Diversification does not guarantee profits or protect against losses.

This document is confidential and intended solely for the use of its intended recipients. It may not be reproduced, distributed, or disclosed, in whole or in part, without the prior written consent of Thirdpath.  All information provided is as of February 6, 2026, unless otherwise indicated.

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