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Algebris Investments do not have direct retail clients; retail clients should contact their financial intermediary prior to making any investment decisions.

The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

Please see www.algebris.com/disclaimer for more important information about this document.
© 2025 Algebris Investments. Algebris Investments is the trading name for the Algebris Group..