Sohn Conference

The information presented above reflects the opinions of Mariko Gordon, as of May 5, 2014. These opinions are subject to change at any time based on, among other factors, market or other conditions. Daruma disclaims any responsibility to update such views. These views should not be considered as a solicitation or recommendation to buy shares of any of the individual securities mentioned and may not be relied on as investment advice. Because investment decisions for any particular account are based on numerous factors, these views may not be relied on as an indication of trading intent on behalf of any particular Daruma client account. The information references individual securities that may or may not currently be held by client portfolios of Daruma.

Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments.

You must make your own determination whether an investment in any particular security or securities is consistent with your investment objectives, risk tolerance, financial situation, and evaluation of the security. All forecasts and targets are speculative and there is no assurance that they will be achieved.