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The opinions expressed in these reports are based on Robinson Capital Management’s independent analysis of financial data and is information obtained or derived from sources believed to be reliable. Robinson does not represent or guarantee that the information contained in this report is either accurate or complete. Under no circumstances shall Robinson have any liability to any person or entity for any loss or damage in whole or in part caused by, resulting from, or relating to, any error (negligent or otherwise) or other circumstance or contingency within or outside the control of Robinson or any of its directors, officers or employees. This report is for information only and is not a recommendation to buy or sell any security or to participate in any trading strategy. Reference to the issue discussed herein should not be construed as an example of an investment or recommendation made by Robinson Capital Management on behalf of any client. This report or any portion hereof may not be reprinted, sold, or redistributed without the written consent of Robinson Capital Management. Opinions expressed are subject to change without notice. Robinson Capital Management, or one or more of its directors, officers or employees, may have a position in securities of the issuer discussed herein. We will be pleased to furnish information in this regard upon request.

Robinson Capital Management is a boutique investment advisor focused exclusively on traditional and alternative fixed income investments. Founded in 2012, and headquartered in Grosse Pointe Farms, Michigan, our clients include state and local governments, high net worth individuals, financial institutions, pension funds, unions, insurance companies, corporations, and consultants.