Important Disclosure

RIA DISCLOSURE STATEMENT: GRANITE VALUE CAPITAL IS A SEC REGISTERED INVESTMENT ADVISER LOCATED IN HANOVER, NEW HAMPSHIRE. GRANITE VALUE CAPITAL AND ITS ADVISORY REPRESENTATIVES ARE IN COMPLIANCE WITH CURRENT FILING REQUIREMENTS IMPOSED UPON SEC REGISTERED INVESTMENT ADVISERS.

GRANITE VALUE CAPITAL MAY ONLY TRANSACT BUSINESS IN THOSE STATES IN WHICH IT IS REGISTERED, OR QUALIFIES FOR AN EXEMPTION OR EXCLUSION FROM REGISTRATION REQUIREMENTS. ANY SUBSEQUENT DIRECT COMMUNICATION BY GRANITE VALUE CAPITAL WITH A PROSPECTIVE CLIENT SHALL BE CONDUCTED BY A REPRESENTATIVE THAT IS EITHER REGISTERED OR QUALIFIES FOR AN EXEMPTION OR EXCLUSION FROM REGISTRATION IN THE STATE WHERE THE PROSPECTIVE CLIENT RESIDES.

FOR INFORMATION PERTAINING TO THE REGISTRATION STATUS OF GRANITE VALUE CAPITAL, PLEASE CONTACT THE SEC OR THE STATE SECURITIES LAW ADMINISTRATORS FOR THOSE STATES IN WHICH GRANITE VALUE CAPITAL MAINTAINS A NOTICE FILING. A COPY OF GRANITE VALUE CAPITAL’S CURRENT WRITTEN DISCLOSURE (FORM ADV PART II) DISCUSSING BUSINESS OPERATIONS, SERVICES AND FEES IS AVAILABLE UPON WRITTEN REQUEST.