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Northern Advisors, LLC website and its various research reports (“publications”) are protected by U.S. and International Copyright laws. All rights reserved. The website and publications are proprietary and intended for the sole use of subscribers. No license is granted to any subscriber, except for the subscriber’s personal use. No part of these publications or their contents may be copied, downloaded, stored in a retrieval system, further transmitted, or otherwise reproduced, stored, disseminated, transferred, or used, in any form or by any means, except as permitted under the subscription agreement or with the prior written permission of Northern Advisors, LLC. Any further disclosure or use, distribution, dissemination or copying of these publications is strictly prohibited.

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Northern Advisors, LLC is a financial publisher, publishing information about financial markets, economics and investments in which it believes subscribers may be interested. The information in these publications is not intended to be personalized recommendations to buy, hold or sell investments. Northern Advisors, LLC is not permitted to offer personalized trading or investment advice to subscribers. The information, statements, views and opinions included in these publications are based on sources considered to be reliable, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. Such information, statements, views and opinions are expressed as of the date of publication, are subject to change without further notice and do not constitute a solicitation for the purchase or sale of any investment referenced in these publications.

Subscribers should verify all claims and do their own research before investing in any investment referenced in these publications. Investing and trading are highly speculative and carry high degrees of risk. Subscribers may lose some or all of their investment.