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SOCIAL MEDIA DISCLAIMER

LAST UPDATED: August 12, 2026

iCapital, Inc., Institutional Capital Network, Inc., and their affiliates, officers, and employees, in their capacity as such, (collectively, “iCapital”) may publish content on or through pages, profiles, accounts, feeds, or other portions of various social media platforms, including but not limited to LinkedIn, X (f/k/a Twitter), Instagram, and YouTube (each a “Site”) for educational, promotional or other business reasons. iCapital is not affiliated with any Site or any of its services. iCapital is not liable for any direct, indirect, incidental, consequential, punitive or special damages arising out of or in any way connected with your access or use of, or inability to access or use, a Site, any iCapital social media page thereon, or reliance on any iCapital post or any failure of performance, interruption, defect, delay in transmission, computer viruses or other harmful components, or line or system failure associated with a Site or any iCapital social media page thereon. Use of a Site or any iCapital social media page thereon is at your own risk. By using a Site, you signify your agreement with the following terms and conditions of use, as well as the relevant terms and conditions of use that govern the Site, without limitation or qualification. iCapital is not responsible for the terms of use or privacy policies of any Site on which iCapital content may appear, including on any iCapital social media page.

Any content published on any Site is provided for informational purposes only and is not intended as, and may not be relied on in any manner as, legal, tax or investment advice, a recommendation, or as an offer or solicitation to buy or sell any security, financial product or instrument, or otherwise to participate in any particular trading strategy, in any jurisdiction. Content posted on any Site is not intended as, and may not be relied on in any manner as, an offering of advisory services or a testimonial or endorsement of any securities, related financial instruments, products, or services. Past performance is not indicative of future results. Future results are not guaranteed. This material does not intend to address the financial objectives, situation, or specific needs of any individual investor. You should consult your personal accounting, tax and legal advisors to understand the implications of any investment specific to your personal financial situation.

The information contained herein is an opinion only, as of the date indicated, and should not be relied upon as the only important information available. Any prediction, projection or forecast on the economy, stock market, bond market or the economic trends of the markets is not necessarily indicative of the future or likely performance. The information contained herein is subject to change, incomplete, and may include information and/or data obtained from third party sources that iCapital believes, but does not guarantee, to be accurate. iCapital considers this third-party data reliable, but does not represent that it is accurate, complete and/or up to date, and it should not be relied on as such. iCapital makes no representation as to the accuracy or completeness of this material and accepts no liability for losses arising from the use of the material presented. No representation or warranty is made by iCapital as to the reasonableness or completeness of any financial information contained herein.

iCapital may post content to a Site that contains links to publications or other websites that are not affiliated with iCapital. iCapital does not review or monitor any unaffiliated websites linked from or to the Site and will not be responsible for the content or the security of any such linked website. iCapital is not responsible for the information, materials, or services obtained on or from such unaffiliated websites and will not be liable in any respect for any damages arising from your access of such websites. Inclusion of links to unaffiliated websites does not imply any endorsement, approval, adoption, representation, or warranty by iCapital with respect to any such website or the content or services contained through such websites.

Comments or other content posted on iCapital’s social media pages by third parties is the responsibility of the person who posted the content. While iCapital may monitor third-party comments or other content published on any iCapital social media page, such comments or other content are not reviewed before being displayed. iCapital does not endorse, approve, or adopt, or have any responsibility for the accuracy of such comments or other content and disclaims any liability for unauthorized, infringing, or copyrighted materials submitted by third parties. iCapital reserves the right to remove or edit any third-party comments or other content on any iCapital social media page that are inappropriate or that violate, or may violate, applicable regulations. iCapital’s use of a “like” or similar function on a Site pertains only to the comment or post that is “liked” and is not an endorsement of the individual or organization who posted the “liked” content.

iCapital may collect and analyze information regarding your interactions with our content on the Sites. This may include information about whether you viewed, clicked on, shared, commented on, reacted to, or otherwise engaged with our posts, articles, videos, or other content.  We use this information to understand audience engagement, measure the effectiveness of our communications, improve our content and services, and better tailor our outreach to users’ interests.

Certain content in iCapital social media posts is proprietary and may not be reproduced, transferred, or distributed in any form without prior written permission from iCapital. It is delivered on an “as is” basis without warranty or liability. By accepting the information, you agree to abide by all applicable copyright and other laws, as well as any additional copyright notices or restrictions contained in the information.

By posting on iCapital’s social media pages, you grant us the royalty-free, worldwide, perpetual, irrevocable right, and license to use or reproduce your content. Additionally, any unsolicited ideas or suggestions you post on our social media pages will automatically become property of iCapital without limitation, with no obligation for us to compensate you.

Users should exercise appropriate judgment when sharing information through our Sites. Information that you choose to post, submit, or otherwise share through our Sites may be viewed, collected, and used by other users and third parties. You should avoid sharing sensitive personal information or any information that you do not wish to be publicly available. While iCapital takes reasonable measures to protect the information provided to us, we cannot control how third parties may use information that you voluntarily make public. Accordingly, you are responsible for exercising an appropriate standard of care when deciding what information to share online.

iCapital earns revenue from services related to financial products available through its platform and therefore benefits from increased investment activity in those products. As a result, iCapital may have an incentive to present certain financial products, investment sponsors, and investment strategies in a favorable light. In addition, certain financial institutions hold passive minority ownership interests in iCapital, which may create incentives to present those institutions and their products favorably. More information regarding iCapital’s investors is available on our Partners page. For more information on passive investors of iCapital, please see About Us – Partners available on our public website.