"Disclosure: Past performance is not indicative of future results. This material is not financial advice or an offer to sell any product. The actual characteristics with respect to any particular client account will vary based on a number of factors including but not limited to: (i) the size of the account; (ii) investment restrictions applicable to the account, if any; and (iii) market exigencies at the time of investment. Guardian Capital Advisors, LLC (GCA, LLC) reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs. The information provided in this report should not be considered a recommendation to purchase or sell any particular security. It should not be assumed that any of the investment recommendations or decisions we make in the future will be profitable.

GCA, LLC is a registered investment advisor. More information about the advisor including its investment strategies and objectives can be obtained by visiting www.guardianca.com or in its Form ADV II which is available upon request.