W. H. Reaves & Co., Inc. (“WHR”) is a U.S. Securities and

Exchange Commission (SEC) registered investment advisor and

broker/dealer located in Jersey City, NJ. WHR is also a member

of the Financial Industry Regulatory Authority, Inc. (FINRA)

and the Securities Investor Protection Corporation (SIPC).

WHR may only transact business or render personalized

investment advice in those states and jurisdictions where we

are registered/filed notice or otherwise excluded or exempted

from registration requirements.

The purpose of WHR’s website (www.whreaves.com or

www.reavesassetmanagment.com) is for information

dissemination on the Firm’s products and services only and

does not constitute financial, investment, tax or legal advice.

The information provided on this website is not intended for

distribution to, or use by, any person or entity in any jurisdiction

where such distribution or use would be contrary to law or

regulation or which would subject WHR to any registration

qualification, licensing, approval or non-disapproval

requirement within such jurisdiction.

Certain portions of WHR’s website (i.e. newsletter, articles,

etc.) may contain a discussion of, and/or provides access to,

WHR’s (and those of other investment and non-investment

professionals) opinions as of a specific prior date. Due to various

factors, including, but not limited to, changing market conditions,

any such discussion may no longer be reflective of current

opinion(s). Furthermore, no client or prospective client should

assume that any such discussion serves as a substitute for

personalized advice from WHR or from any other investment

professional. Different types of investments involve varying

degrees of risk and there can be no assurance that any

specific investment will be suitable for any specific portfolio.

Past performance may not be indicative of future results;

therefore, no current or prospective client should assume

that the future performance of any specific investment,

product or service made reference to directly or indirectly

by WHR in its website, or indirectly via a link to an unaffiliated

third party website, will be profitable or equal to the

corresponding indicated performance level(s). Historical

performance results do not reflect the deduction of brokerage

commissions, management fees (unless noted) and/or

transaction fees, the payment of which would have the

effect of decreasing the indicated performance results.

WHR strives to provide accurate and up-to-date material

on its website. WHR will make every effort to be sure that

the content is always accurate as possible. Despite our

best efforts, we make no warranties or representations

as to the accuracy or timeliness of the content. The content

on this website and the operation of it are provided “as is”

and your use of the website and its content is at your

own risk. If you notice an error or an omission please

contact us immediately.

For information pertaining to the registration status

of WHR, please contact the U.S. Securities and Exchange

Commission (SEC). A copy of WHR's current written

disclosure statements discussing WHR's business operations,

services and fees is available upon request. WHR does not

make any representations or warranties as to the accuracy,

timeliness, suitability, completeness, or relevance of any

information prepared by any unaffiliated third party and

takes no responsibility thereof. All such information is

provided solely for the purposes of convenience only and

all users should be guided accordingly.