Investment Disclosures

In the event of a partial CALL of corporate or municipal bonds, or preferred stock held in bulk segregation, Stephens runs impartial lotteries to apportion the amount of called securities to clients for subsequent payment of the principal proceeds on the redemption date. The probability that your securities will be selected is proportional to the amount of your holdings relative to the total outstanding securities subject to the call and holdings of all clients of such securities held in bulk by or for Stephens.

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