© 2025 DSF Advisors, LLC (“DSF”) is an SEC registered Investment Advisor. SEC registration does not imply a certain level of skill or training.

This document does not constitute advice or a recommendation or offer to sell or a solicitation to deal in any security or financial product. It is provided for information purposes only. To the extent that the reader has any questions regarding the applicability of any specific issue discussed to their specific portfolio or situation, prospective investors are encouraged to contact DSF or consult with the professional advisor of their choosing.

Certain information contained herein has been obtained from third party sources and such information has not been independently verified by DSF. No representation, warranty, or undertaking, expressed or implied, is given to the accuracy or completeness of such information by DSF or any other person. While such sources are believed to be reliable, DSF does not assume any responsibility for the accuracy or completeness of such information. DSF does not undertake any obligation to update the information contained herein as of any future date.

Except where otherwise indicated, the information contained herein is based on matters as they exist as of the date of preparation of such material and not as of the date of distribution or any future date. Recipients should not rely on this material in making any future investment decision.

There is no guarantee that the investment objectives will be achieved. Moreover, any past performance is not a guarantee or indicator of future results.

Certain information contained herein constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue,” or “believe,” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events, results or actual performance may differ materially from those reflected or contemplated in such forward-looking statements. Nothing contained herein may be relied upon as a guarantee, promise, assurance or a representation as to the future.

Specific investments described herein do not represent all investment decisions made by DSF. The reader should not assume that investment decisions identified and discussed were or will be profitable. Specific investment advice references provided herein are for illustrative purposes only and are not necessarily representative of investments that will be made in the future.