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1 For use with financial professionals and institutional investors only. Not for use with general public. BNY Mellon Investment Management

2 MANAGEMENT // 2 $1.7 trillion in assets under management (as of June 30, 2015) 7th largest U.S. asset manager (Institutional Investor, July 2015) 1 7th largest global asset manager (Pensions & Investments, November 2014) 1 7th largest U.S. wealth manager (Barrons, September 2014) 2 3rd largest manager of defined benefit assets (Pensions & Investments, May 2015) 1 7th largest manager of U.S. endowment & foundation assets (Pensions & Investments, May 2015) 1 The rankings include assets managed by BNY Mellon s investment boutiques and BNY Mellon Wealth Management. Each ranking may not include the same mix of firms. 1 Rankings based on 2014 year-end data 2 Rankings based on AUM as of June 30, 2014

3 Our Investment Boutiques Global sub-investment grade debt asset management 1 Leader in global fixed income & outcome-oriented solutions Brazilian equity; long/short; macro and fixed income strategies Global multi-asset solutions & strategies ranging from indexing to alternatives Full array of money market funds & select offshore liquidity funds Active equity and bond, multi-asset, real-return & income solutions within a global thematic framework Research-driven, active equity manager 2 Multi-strategy private equity investing; direct investment & multi-manager funds U.S. & global real asset investment management A leading fixed income & credit specialist Fund of hedge funds; non-proprietary manager of managers Global equity investment management 1 Investment advisory services in North America are provided through four different SEC-registered investment advisers using the brand Insight Investment: Cutwater Asset Management Corp, Cutwater Investor Services Corp, Pareto New York LLC and Pareto Investment Management Limited. 2 Minority interest

4 MANAGEMENT // 4 About Us We are a multi-cultural business that shares a common drive for quality in both the solutions that we offer and the service we provide. At BNY Mellon Investment Management, our goal is to build and manage investment strategies that address the ever changing needs of our clients. It starts with our multiple, autonomous investment firms world-class investment boutiques representing a broad spectrum of distinctive asset management styles. Drawing on this comprehensive range of investment capabilities, we collaborate with you to deliver our expertise, including tailored solutions that are designed to match your requirements. We manage $1.7 trillion in assets for institutional and individual investors. We are the trusted asset manager of choice for investors globally. Our clients include some of the world s largest pension funds and institutions, governments and local authorities, treasuries and family offices. We are a leading provider of sub-advisory services and have strong partnerships with financial institutions throughout major global markets. We continue to expand our distribution capabilities in developed markets such as Europe, Japan and Australia with focused expansion in more developing economies. We are a multi-cultural business that shares a common drive for quality in both the solutions that we offer and the service we provide. Whether you need a global hedge fund, active currency risk management, U.S. large cap equity strategy or an index provider, BNY Mellon Investment Management s independent investment firms can provide asset management services that are responsive to your needs. Working together, we can help you reach your goals.

5 MANAGEMENT // 5 You demand expertise in all asset classes. In an increasingly complex and uncertain environment, you need innovative investment solutions. Founded on the principle of independent thought, research and entrepreneurship, we believe there is no other investment management business that has BNY Mellon Investment Management s breadth and depth of product offering. We are dedicated to providing world-class customer service to our clients and their advisors throughout their relationship with us.

6 MANAGEMENT // 6 Alcentra AUM: $24.1 billion Locations: London, Düsseldorf, New York and Boston Established: 2002 As of June 30, 2015 Alcentra focuses its investment skills on the sub-investment grade debt capital markets in Europe and the U.S. Our objective is to deliver strong, risk-adjusted returns together with capital preservation. In pursuing this objective, our investment strategy and approach to credit selection is based on intensive fundamental research and credit analysis, combined with active portfolio management to minimize credit losses. The Alcentra Group refers to these affiliated investment advisers: Alcentra, Limited and Alcentra NY, LLC. Assets under management include assets managed by both companies. Alcentra Limited and Alcentra NY, LLC are registered in the United States under the Investment Advisers Act of Alcentra Limited is also authorized and regulated in the U.K. by the Financial Conduct Authority. The registered address is 10 Gresham Street, London EC2V 7JD. Investment Focus: Global Sub-Investment Grade Debt Asset Management

7 MANAGEMENT // 7 ARX Investimentos Ltda AUM: $3.1 billion Location: Rio de Janeiro Established: Formed in January 2008, as the result of the acquisition of ARX Capital Management by BNY Mellon. BNY Mellon Asset Management Brasil was established in 1997 and ARX Capital in As of June 30, 2015 ARX offers access to the expanding investment opportunities in the rapidly growing Brazilian marketplace. Our philosophy is based on delivering strong risk-adjusted returns with an emphasis on capital preservation. The investment process combines fundamental bottom-up analysis with a detailed macro top-down overview and our investment professionals have an established track record of managing Brazilian investments. ARX Investimentos Ltda., is a Brazilian investment management company, regulated and authorized by the Brazilian Securities and Exchange Commission (CVM) to provide discretionary investment management services. ARX Investimentos Ltda., is also registered in the United States as an investment adviser under the Investment Advisers Act of Investment Focus: Brazilian Equity; Long/Short; Macro & Fixed Income Strategies

8 MANAGEMENT // 8 BNY Mellon Cash Investment Strategies AUM: $233.4 billion Location: New York Established: 2009 As of June 30, 2015 BNY Mellon Cash Investment Strategies, a division of The Dreyfus Corporation, is one of the industry s leading institutional managers of money market strategies. Each domestic 2a-7 1 and offshore dollar denominated money market fund combines the strength of our tenured investment management team, our fundamental credit research, and award-winning client service to deliver high-quality cash management solutions to the institutional marketplace. BNY Mellon Cash Investment Strategies is a division of The Dreyfus Corporation. 1 Dreyfus Mutual Funds are distributed by MBSC Securities Corporation, a registered broker-dealer and FINRA member, and a wholly owned subsidiary of BNY Mellon. Dreyfus Mutual Funds are available only in the U.S. Mutual fund investors should consider the investment objectives, risks, charges, and expenses of a fund carefully before investing. Contact your financial advisor to obtain a prospectus that contains this and other information about a fund, and read it carefully before investing. An investment in a mutual fund, including any money market fund, is not a deposit of any bank, is not insured or guaranteed by any bank, the FDIC or any other governmental agency. Although a money market fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund. Yield fluctuates. Past performance is no guarantee of future results. NOT FDIC INSURED - MAY LOSE VALUE - NO BANK GUARANTEE Investment Focus: Full Array of Money Market Funds & Select Offshore Liquidity Funds

9 MANAGEMENT // 9 The Boston Company Asset Management AUM: $44.4 billion Location: Boston Established: 1970 As of June 30, 2015 The Boston Company Asset Management is a performance-driven global equity manager. We build portfolios that are rooted in bottom-up stock selection, fundamental research, macro perspectives and risk controls appropriate for institutional investors. We are dedicated to fostering long-term solutions-based relationships with our clients and earning their confidence through the consistent delivery of alpha across a wide range of equity offerings. All of our strategies, including active long-only and alternatives, are implemented with consistency and discipline, leveraging more than 40 years of history in equity investing. Our investment performance is based on a time-tested approach, coupled with the deep, broad-based experience of our investment professionals. BNY Mellon owns 90% of The Boston Company Asset Management, LLC and the remainder is owned by employees of the firm. Investment Focus: Research-Driven, Active Equity Strategies

10 MANAGEMENT // 10 CenterSquare Investment Management AUM: $7.6 billion Locations: Philadelphia and Newport Beach; affiliate offices in London and Singapore Established: 1987 As of June 30, 2015 Founded in 1987, CenterSquare Investment Management is a real asset manager focused on listed and private equity real estate and listed infrastructure investments, accessed via U.S.-only and global strategies. Strategies for adding value to our private equity real estate assets include ground up development, renovation and releasing / repositioning. Within the publicly listed real estate and infrastructure markets, our investment approach includes top-down market/country selection and bottom-up underwriting of properties, companies and management teams. As an investor and manager, our success is firmly rooted in aligning our firm s interests with those of our clients, partners and employees, as well as our commitment to alpha-generating research. Investment Focus: U.S. & Global Real Asset Investment Management

11 MANAGEMENT // 11 EACM Advisors AUM: $5.5 billion Location: Norwalk, CT Established: 1976 As of June 30, 2015 EACM Advisors is a leading fund of funds manager who has been helping clients achieve their investment objectives for more than 20 years. We specialize in both hedge fund and long-only strategies. In the hedge fund area, we focus on multistrategy fund of funds with consistent return objectives, as well as more specialized solutions, which may focus on a single strategy (e.g., event driven) or specific objectives (e.g., socially responsible). In the long-only area, we specialize in multi-manager funds focusing on entrepreneurial, fundamentally based managers. We believe that active management can produce meaningful alpha and that manager and style risk can be reduced through a multi-manager structure. EACM and its predecessors are among the pioneers in manager-of-manager investing and have over 30 years experience in the evaluation and selection of investment managers. We have run alternative fund of fund portfolios for over 20 years and traditional multi-manager portfolios for over 30 years. Prior to that, our predecessor firm acted as investment consultants to a variety of institutional clients. EACM was founded in 1976 via predecessor firm Evaluation Associates Inc., an institutional consulting firm. Investment Focus: Fund of Hedge Funds; Non-Proprietary Manager of Managers

12 MANAGEMENT // 12 Insight Investment AUM: $602.8 billion Locations: London, New York, Sydney and Tokyo Established: 2002 As of June 30, 2015 Insight Investment, based in London, provides tailored investment solutions in liability driven investment, fixed income, currency risk management, diversified growth, absolute return style and specialist investment solutions to institutional investors. Working in partnership with clients and their advisers, Insight Investment seeks to develop and deliver innovative yet practical investment solutions tailored to meet clients changing needs. A client s investment objective is identified during a detailed discovery process that establishes a full understanding of the ultimate objectives and risk tolerances to develop and implement the most appropriate investment solution. This distinct approach aims to ensure flexibility which continues throughout the lifetime of the relationship in order to reflect changes in a client s requirements, market conditions and risk/return appetite. A broad range of investment strategies underpins Insight Investment s market leading solutions capability. Insight Investment s expertise, strength and depth of knowledge span the entire risk/return spectrum to offer clients complete flexibility; an essential tool in providing tailored client solutions. Investment advisory services in North America are provided through four different SEC-registered investment advisers using the brand Insight Investment: Cutwater Asset Management Corp, Cutwater Investor Services Corp, Pareto New York LLC and Pareto Investment Management Limited. Assets under management are represented by the value of cash securities and other economic exposure managed for clients. The Insight Investment Group includes Insight Investment Management (Global) Limited, Pareto Investment Management Limited, Insight Investment Funds Management Limited, Cutwater Asset Management Corp and Cutwater Investor Services Corp. Pareto Investment Management Limited is authorized and regulated in the UK by the Financial Conduct Authority (FRN ). Insight Investment Management Ltd. is authorized and regulated in the U.K. by the Financial Conduct Authority. The registered address for Insight is BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA, England. Investment Focus: Leader in Global Fixed Income & Outcome-Oriented Solutions

13 MANAGEMENT // 13 Mellon Capital AUM: $391.7 billion 1 Locations: San Francisco; Pittsburgh; Boston; Philadelphia; Hong Kong; London and Pune, India Established: 1983 As of June 30, 2015 Mellon Capital has provided clients distinct insights into complex capital markets for over three decades. Our quantitative, fundamentals-based methodology focuses on global, multi-asset class solutions ranging from indexing to alternative strategies. Supporting our global reach is an implementation infrastructure designed to effectively trade all liquid asset classes. Beneath our investment prowess lies an unwavering commitment to solving the myriad challenges facing our global clients. Our intellectual curiosity and sophisticated research platform results in custom solutions that fulfill a variety of client needs. The synthesis of our global reach, intellect, and flexibility enables us to deliver powerful and unique solutions. 1 AUM includes $3.6 billion in overlay strategies. Investment Focus: Global Multi-Asset Solutions & Strategies Ranging from Indexing to Alternatives

14 MANAGEMENT // 14 Newton AUM: $75.9 billion Location: London Established: 1978 As of June 30, 2015 Based in London, the Newton group is an investment house that is known for its distinctive, global thematic investment approach, which is consistently applied across all strategies. Our approach aims to identify themes and trends that are influencing, or are likely to influence, economies and markets across the globe. It combines the perspective afforded by themes with the skills of active investment management, and recognizes that no single market operates independently from developments in others around the world. Our performance culture permeates all aspects of the investment process, creating a self-challenging environment that has enabled Newton to preserve and grow wealth for its clients. The Newton Group refers to the following group of affiliated companies: Newton Investment Management Limited, Newton Capital Management Limited (NCM Ltd), and Newton Capital Management LLC (NCM LLC). NCM LLC personnel are supervised persons of NCM Ltd and NCM LLC does not provide investment advice, all of which is conducted by NCM Ltd. Only NCM LLC and NCM Ltd offer services in the U.S. AUM for the Newton Group include assets managed by all of these companies (except NCM LLC). In addition, AUM for the Firm may include assets managed by the firm s officers as dual officers or employees of The Bank of New York Mellon and assets of wrap fee account(s) and high net worth client model(s) for which Newton Capital Management Limited provides advice in the form of non-discretionary model portfolios. Newton Capital Management Limited is registered in the U.S. as an investment adviser under the Investment Advisers Act of Newton Capital Management Limited and Newton Investment Management Limited are authorized and regulated in the U.K by the Financial Conduct Authority. The registered address for Newton is BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA, England. Investment Focus: Active Equity and Bond, Multi-Asset, Real-Return & Income Solutions within A Global Thematic Framework

15 MANAGEMENT // 15 Siguler Guff AUM: $10.7 billion 1 Locations: New York; Boston; London; Moscow; Shanghai; São Paulo; and Mumbai (local affiliate) Established: As of June 30, 2015 Headquartered in New York, Siguler Guff is a multi-strategy private equity investment firm. We manage several direct investment private equity funds and multi-manager funds, each targeted at carefully defined areas of market inefficiency. Siguler Guff s multi-manager funds target specific areas of compelling opportunity, including distressed securities, small business, emerging markets and distressed real estate. Our direct investment funds primarily focus on investments in Russia and the countries of the former Soviet Union. Siguler Guff also provides discretionary private equity advisory services and manages a number of non-discretionary separate accounts. Siguler Guff s investment approach is value oriented, driven by risk-adjusted outcomes, and has a heavy emphasis on capital preservation. Each strategy is staffed independently and takes advantage of our long history as a direct investor to add value well beyond the research and selection of managers. We believe that each partnership represents an efficient and diversified opportunity for investors to capture the high absolute returns available within its respective market niche. 1 Siguler Guff s assets under management are calculated based on commitments for those funds in the investment period and on net asset value thereafter. 2 Founded in 1991 within Paine Webber, Siguler Guff became an independent firm in BNY Mellon owns a 20% interest in Siguler Guff & Company, LP and certain related entities (including Siguler Guff Advisers, LLC). Investment Focus: Multi-Strategy Private Equity Investing; Direct Investment & Multi-Manager Funds

16 MANAGEMENT // 16 Standish AUM: $160.4 billion Locations: Boston; Pittsburgh; San Francisco; London and Singapore (local affiliates) Established: 1933 As of June 30, 2015 Standish is one of the largest fixed income firms dedicated to serving the needs of sophisticated institutional investors. Our investment process strives to capture relative value opportunities created by market inefficiencies. We use both proprietary research to seek new and changing sources of excess return and a mix of qualitative judgment and quantitative tools to formulate and implement our investment views. Our strategies reflect expertise in specific market sectors and also span the global fixed income markets. We can design innovative solutions to satisfy the most pressing needs of investors in today s difficult market environment. Investment Focus: Fixed Income & Credit Solutions

17 MANAGEMENT // 17 Walter Scott AUM: $65.8 billion Location: Edinburgh Established: 1983 As of June 30, 2015 Walter Scott was established in 1983 to offer global equity portfolio management to institutional investors around the world. Since inception, Walter Scott has remained wholly committed to global equity investing. Our core conviction is that over the long term, return to shareholders can only ever be as great as the wealth generated by the underlying businesses in which they are invested. Our primary task is therefore identifying those companies capable of sustaining the highest rates of wealth generation. We do so using original, fundamental research carried out by our own team across an investment universe that is unrestricted by region, market sector or benchmark. Walter Scott s truly global approach views the world as a single universe of opportunities. It affords greater opportunity for economic and industrial diversification through access to some of the world s best companies and allows investment without bias among regions, countries and sectors, taking advantage of the most attractive valuations and prospects for growth. From our office in Edinburgh, Walter Scott s investment professionals work closely together as a team in an open and collegiate environment. New members are trained and mentored by senior colleagues, whose long experience combines with a very low staff turnover to ensure consistency of philosophy, process and culture. Every company that has been researched over Walter Scott s history has been done so within the same framework. Every portfolio is managed by bringing together the skill, judgement and experience of the entire investment team. Walter Scott & Partners Limited is registered in the U.S. as an investment adviser under the Investment Advisers Act of Authorized and regulated in the U.K. by the Financial Conduct Authority. The registered address for Walter Scott & Partners Limited is One Charlotte Square, Edinburgh, EH2 4DR, Scotland. Investment Focus: Global Equity Investment Management

18 MANAGEMENT // 18 BNY Mellon Investment Strategy & Solutions Group Locations: Boston; New York; Pittsburgh; San Francisco; London; and Tokyo Established: 1983 BNY Mellon Investment Strategy & Solutions Group ISSG 1 aspires to become a trusted advisor to our clients, understand their most pressing investment challenges, and develop a solution to those challenges using the full resources of BNY Mellon Investment Management. We work with clients around the globe in the following segments: retirement plans; endowments and foundations; insurance; sovereign wealth funds; central banks; and family offices. ISSG offers outcome-oriented solutions such as pension funding, income needs, absolute return targets, inflation protection, diversification, using custom multi-asset strategies. There are three segments of the ISSG investment platform. They include: Advice: ISSG partners with clients to develop thoughtful and actionable solutions to broad investment policy issues. Design: ISSG designs solutions that leverage our proprietary research infrastructure and analytics to help clients frame their asset allocation, risk management and portfolio construction requirements. Implementation: ISSG manages multi-asset portfolios for clients to include strategic asset allocation, rebalancing, risk management and reporting. A key ISSG offering is our Fiduciary Management Solution for defined benefit plans. We leverage the leading capabilities of BNY Mellon in the areas of advisory services, manager research, investment management, and trust/custody to develop an investment solution that meets very specific objectives, including: funded status, balance sheet income statement, and risk management. We support our clients by providing robust and comprehensive proprietary reporting designed to track progress against client objectives. 1 ISSG is part of The Bank of New York Mellon ( Bank ). ISSG offers products and services through the Bank, including investment strategies that are developed by affiliated BNY Mellon investment advisory firms and managed by officers of such affiliated firms acting in their capacities as dual officers of the Bank. Investment Focus: Outcome-Oriented Solutions

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21 About BNY Mellon BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of June 30, 2015, BNY Mellon had $28.6 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on or follow us on BNY Mellon Investment Management is one of the world s leading investment management organizations and one of the top U.S. wealth managers, encompassing BNY Mellon s affiliated investment management firms, wealth management organization and global distribution companies. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the Corporation as a whole or its various subsidiaries generally. Unless otherwise noted, all references to assets and overlay under management (which are approximate) are as of June 30, AUM for The Boston Company Asset Management, EACM Advisors, Mellon Capital Management Corporation and Standish Mellon Asset Management Company includes assets managed by those individual firms officers as associated persons, dual officers or employees of The Dreyfus Corporation. In addition, AUM/OUM for the following firms may include assets managed by the individual firms officers as dual officers or employees of, The Bank of New York Mellon: The Dreyfus Corporation and its BNY Mellon Cash Investment Strategies division, The Boston Company Asset Management, CenterSquare Investment Management, Inc., Mellon Capital Management Corporation, Newton Capital Management Limited and Standish Mellon Asset Management Company LLC. With the exception of Siguler Guff & Company (20%) and The Boston Asset Management Company (90%), all entities are wholly owned by BNY Mellon. Securities in Canada are offered through BNY Mellon Asset Management Canada Ltd., registered as a Portfolio Manager and Exempt Market Dealer in all provinces and territories of Canada, and as an Investment Fund Manager and Commodity Trading Manager in Ontario. Products or services described herein are provided by The Bank of New York Mellon Corporation, its subsidiaries, affiliates or related companies, and may be provided in various countries by one or more of these companies where authorized and regulated as required within each jurisdiction. However, this material is not intended, nor should be construed, as an offer or solicitation of services or products or an endorsement thereof in any jurisdiction or in any circumstance that is otherwise unlawful or unauthorized. THE INVESTMENT PRODUCTS AND SERVICES MENTIONED HERE ARE NOT INSURED BY THE FDIC (OR ANY OTHER STATE OR FEDERAL AGENCY), ARE NOT DEPOSITS OF OR GUARANTEED BY ANY BANK, AND MAY LOSE VALUE. This material is not intended as an offer to sell or a solicitation of an offer to buy any security and it is not provided as a sales or advertising communication and does not constitute investment advice. MBSC Securities Corporation, a registered brokerdealer, FINRA member and wholly-owned subsidiary of The Bank of New York Mellon Corporation, has entered into agreements to offer securities in the U.S. on behalf of certain BNY Mellon Investment Management firms.

22 Institutional Investment Strategies s Active t Index/Enhanced Equity n Fund of Funds Asia Pacific/ Japan /Australia Emerging/Frontier Markets European (inc. & ex U.K.) Global/Non-U.S. Small/Mid Cap Socially Responsible Styles: Core, Growth & Value U.K. U.S. The Alcentra Group ARX Investimentos Ltda s s BNY Mellon Cash Investment Strategies The Boston Company Asset Management, LLC s s s s s s CenterSquare Investment Management EACM Advisors LLC n n n n Insight Investment 1 Mellon Capital Management Corporation The Newton Group t st t st st st st t st s s s s s s s Siguler Guff & Company, LP 2 Standish Mellon Asset Mgmt. Company LLCs Walter Scott & Partners Limited s 1 Investment advisory services in North America are provided through four different SEC-registered investment advisers using the brand Insight Investment: Cutwater Asset Management Corp, Cutwater Investor Services Corp., Pareto New York LLC and Pareto Investment Management Limited. 2 Minority interest

23 Fixed Income Other Cash (U.S., Euro, Sterling, other) Emerging Markets European Global/Non-U.S. High Yield (U.S., European, Global) Structured Notes/ABS U.K. U.S. Core/Core Plus U.S. Long Duration U.S. Municipals/TIPS U.S. Short Duration/ Intermediate U.S. Stable Value Commodities/Agriculture Currency Hedge Funds Infrastructure Liability Driven Investing Market Neutral/Long Short/ Absolute Return Style Multi-Asset Class/Balanced Overlay/Swaps/Futures Portable Alpha Private Equity Real Estate/Real Estate Securities Tactical Asset Allocation Target Maturity Tax Sensitive s s s s s s n s s s s s s s s s s s s s s n n s s s s s s s s s s s s s st s st s s s s t st s t t st t t s s s st s st s s t s t st s s s s s s n s n s s s s s s s s s s s s s s Please note: not all strategies may be available to all investors in all markets.

24 Global Presence NORTH AMERICA Boston Los Angeles New York Norwalk, CT Philadelphia Pittsburgh San Francisco Toronto LATAM Rio de Janeiro Santiago São Paulo EMEA Amsterdam Dubai Düsseldorf Edinburgh London Luxembourg Madrid Milan Moscow Paris Zurich BNY Mellon Investment Management The Alcentra Group ARX Investimentos Ltda BNY Mellon Cash Investment Strategies The Boston Company Asset Management, LLC CenterSquare Investment Management EACM Advisors LLC

25 APAC Beijing Hong Kong Mumbai Pune, India Seoul Shanghai Singapore Sydney Tokyo ' ' ' ' ' Insight Investment Mellon Capital Management Corporation The Newton Group Standish Mellon Asset Management Company LLC Siguler Guff & Company, LP Walter Scott & Partners Limited

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28 BNY Mellon Investment Management 225 Liberty Street New York, NY BNY Mellon Center 201 Washington Street Boston, MA The Bank of New York Mellon Corporation. All rights reserved. NM KL06 Exp: 11/2015 For use with financial professionals and institutional investors only. Not for use with general public.

For use with financial professionals and institutional investors only. Not for use with general public. BNY Mellon Investment Management

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