This video is provided for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer or sale of securities in any jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Users of these materials are advised to conduct their own analysis prior to making any investment decision. ​

The market and industry data presented in this video was obtained from third party sources believed to be reliable, industry reports and publications, websites and other publicly available information. This data is subject to change. In addition, this Presentation does not purport to be all-inclusive or contain all of the information that may be required to make a full analysis of Bandwidth 2028 bonds or an investment opportunity. Recipients of this video should make their own evaluation and of the relevance and adequacy of the information contained herein and should make such other investigations as they deem necessary. Ewing Morris is not an insider of or in a special relationship with Bandwidth 2028 bonds and as such is not aware of any material fact or material change with respect to the issuer that has not been generally disclosed. All securities and financial products or instrument transactions involve risks, including the risk of adverse or unanticipated market, financial or political developments. ​

This Presentation may contain forward-looking statements (“FLS”) that are predictive in nature and may include words such as “expects”, “anticipates”, “intends”, “believes”, “estimates” and similar forward-looking expressions or negative versions thereof. FLS are based on current expectations and projections (unless specified or described as being attributed to a specific period) about future general economic, political and relevant market factors, such as interest and foreign exchange rates, equity and capital markets, the general business environment, assuming no changes to tax or other laws or government regulation or catastrophic events. Expectations and projections about future events are inherently subject to risks and uncertainties, which may be unforeseeable. Such expectations and projections may be incorrect in the future. FLS are not guarantees of future performance. Actual events could differ materially from those expressed or implied in any FLS. ​

A number of important factors including those factors set out above can contribute to these digressions. You should avoid placing any reliance on FLS. No representations or warranties, express or implied, are given in, or in respect of, this video. To the fullest extent permitted by law, in no event will Ewing Morris or any of their respective shareholders, affiliates, representatives, directors, officers, employees, advisers or agents be responsible or liable for any direct, indirect or consequential loss or loss of profit arising from the use of this video, its contents, its omissions, reliance on the information contained within it, or no opinion communicated in relation thereto or otherwise arising in connection therewith. ​

There can be no guarantee that any projection, forecast or opinion will be realized. All information provided is for informational purposes only and should not be construed as personal investment advice. Past performance does not guarantee future results. Sources include Capital IQ, Company Filings, Bloomberg, Tegus and Ewing Morris.

At the time of publishing, Ewing Morris is currently invested in Bandwidth 2028 bonds. Ewing Morris may change its views or its investment positions described in the video at any time as it deems appropriate.  Ewing Morris may buy or sell or otherwise change the form or substance of any of its investments in any manner permitted by law and expressly disclaims any obligation to notify the market, a recipient of the video or any other party of any such changes.

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