Email Disclaimer

IMPORTANT: Nothing in the email to which this disclaimer is attached should be construed as a solicitation, recommendation, or an offer to buy or sell any securities or product. Transaction orders are not accepted via e-mail and no responsibility shall accrue relating to any orders placed in this manner. Confidential information such as social security numbers, account numbers, or history should not be sent via unencrypted e-mail. All Muhlenkamp & Company e-mail is archived indefinitely and subject to review.

If the email to which this disclaimer is attached was received in error, please immediately notify the sender, disregard it, and delete it.