The information presented herein has been prepared by ValueAct Capital Management, L.P. (“ValueAct Capital”). ValueAct Capital provides investment advisory services to private investment funds (collectively referred to as the “Funds”). This information is for informational purposes only and should not be construed as investment advice for any person or entity and should not be relied upon for making an investment decision including any decision to buy or sell any securities discussed herein. This information may contain a discussion of the performance returns of selected portfolio holdings. This information does not contain a complete listing or description of all past or present portfolio holdings. For a complete list of all ValueAct Capital’s investments in the past 12 months, please contact the Investor Relations Department at investorrelations@valueact.com. The information herein is valid only as of the date listed on the applicable document and ValueAct Capital disclaims any obligation to correct, update or revise this information or to otherwise provide any additional materials to any recipient of this information.
The views expressed herein reflect the views and subjective opinions of ValueAct Capital only through the date of the applicable document and are subject to change at any time. Certain financial information and other data used in the applicable document has been derived or obtained from sources that are considered reliable but are not guaranteed. ValueAct Capital has not sought or obtained consent from any third party to use any of their statements or information indicated in the applicable document as having been obtained or derived from a third party, and the inclusion of such third-party statements or information should not be viewed as indicating the support of such third party.
This information may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that reflect ValueAct Capital’s views with respect to, among other things, future events and financial performance, and actual results may vary materially from the results discussed in this document. Forward-looking statements can be identified by the use of forward-looking terminology, such as “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,”
“estimate,” “intend,” “continue” or “believe,” or the negatives thereof or other variations thereon or comparable terminology. Forward-looking statements are subject to various risks and uncertainties and assumptions and there can be no assurance that any idea or assumption contained in this information is, or will be proven, correct. Forward-looking statements should not be regarded as a representation by ValueAct Capital that the future plans, estimates or expectations contemplated will ever be achieved.
Under no circumstances is this information to be used or considered as an offer to sell or a solicitation of an offer to buy any security, including, without limitation, any interest in any Fund. Any offer to purchase an interest in a Fund would only be made at the time a qualified offeree receives the Confidential Memorandum of such Fund. The terms of any investment in the Funds shall be governed by the constituent documents for the relevant Fund, which expressly do not include this information. Any investment in the Funds is speculative and involves substantial risk, including the risk of losing all or substantially all of such investment.
No part of this material may be copied or duplicated in any form, by any means, or redistributed without ValueAct Capital’s prior written consent.