Advisors Asset Management values our relationship with you...

and considers your privacy to be of paramount importance in maintaining that relationship. We are committed to protecting the security and confidentiality of your personal information. Advisor's Asset Management is a wholesale investment firm and does not sell directly to the public. However, in order to support our brokers and/or their clients who invest in our products, certain information may be collected. Below is a detailed explanation of our policy regarding sources, types, disclosure, confidentiality and security of any and all information collected.

Sources of Information Collected

We may collect nonpublic personal information about you from the following sources: you, your broker-dealer, investment adviser or financial representative through interviews, applications, agreements or other forms. We may also obtain information from your transaction history with us, our affiliates or others, from your inquiries by mail, e-mail or telephone, and information we collect on our website through the use of "cookies." For example, we may identify the pages on our website that your browser requests or visits.

Type of Information Collected

In order to provide you with products and services and/or to effect transactions that you request or authorize, we may collect the following types of information: name, address, social security number, age, financial status, assets, income, tax information, retirement and estate plan information, transaction history, account balance, payment history, investment objectives, marital status, family relationships and other personal information.

Disclosure of Information Collected

We do not disclose any nonpublic personal information about our customers or former customers to anyone, except as permitted by law. The permitted uses include the disclosure of such information to unaffiliated companies for the following reasons:

In order to provide you with products and services and to effect transactions that you request or authorize, we may disclose your personal information as described above to unaffiliated financial service providers and other companies that perform administrative or other services on our behalf, such as transfer agents, custodians and trustees, or that assist us in the distribution of investor materials such as trustees, banks, financial representatives and printers. We may release information we have about you if you direct us to do so, if we are compelled by law to do so, or in other legally limited circumstances (for example to protect your account from fraud). In addition, in order to alert you to our other financial products and services, we may share your personal information within Advisor's Asset Management or its affiliates.

Confidentiality/Security of Information Collected

Advisor's Asset Management internal security procedures restricts access to your nonpublic personal information to those employees of Advisor's Asset Management or its affiliates who need to know that information in order to provide products or services to you. We maintain physical, electronic and procedural safeguards to protect your nonpublic personal information.

Patriot Act

The Patriot Act requires Advisors Asset Management, Inc. to verify the identity of persons opening new accounts, including:

• consulting government agency lists of known or suspected criminals, terrorists and terrorist organizations to determine if the person opening an account is on any such list; and
• If necessary, conducting additional due diligence including requesting information about the source of funds deposited into such accounts.