Regulatory Disclosures

Towle & Co. is an investment adviser registered with the Securities and Exchange Commission (SEC) under the Investment Advisers Act of 1940. Registration does not imply a certain level of skill or training. The SEC has not approved or disapproved the content of this website nor determined whether this website is accurate or complete. Towle may only transact business in those states in which it is registered or qualifies for an exemption of exclusion from registration requirements. Information pertaining to Towle’s registration status is located on the SEC’s Adviser Information Web Site at http://www.adviserinfo.sec.gov/.

The information on this website is intended for U.S. residents only. This material provided is for informational purposes only and should not be viewed as a current or past recommendation or an offer to sell or solicitation to purchase any securities or investment product or to adopt any investment strategy. Opinions expressed are those of Towle & Co. and should not be considered a forecast of future events or guarantee of future results. All information on this website, including with respect to investment strategies and themes, is subject to change without notice or notification of such changes made. The material on this website is not investment, legal, tax, or accounting advice. Information herein contains “forward-looking statements” that can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “continue,” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of any Towle & Co. investment may differ materially from those reflected or contemplated in such forward-looking statements. Past performance is no guarantee of future results. Investing involves risk, including possible loss of principal. There is no assurance that objectives or target returns may be met.

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