General Disclaimer The information contained herein has been

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General Disclaimer The information contained herein has been compiled from sources believed to be reliable; however, there is no guarantee of its accuracy or completeness. Any opinions expressed here are statements of judgment on this date and are subject to future change without notice. Past performance is not indicative of future results. This information may contain future predictions that are subject to certain risks and uncertainties, which could cause actual results to differ from those currently anticipated or projected. Please consult your Investment Executive for additional information. Author’s Opinion Only This e‐mail contains the author’s opinion when expressed and is not necessarily the opinion of Davenport & Company LLC (Davenport). While the author believes its sources are reliable, neither the author, nor Davenport, represents the information to be complete or accurate. The shareholders, directors and management of Davenport accept no responsibility and accordingly shall have no liability to any party whatsoever with respect to the contents of this message. Confidentiality The information in this electronic mail (e‐mail), including any attachment(s), is confidential and intended solely for the addressee(s). No confidentiality or privilege is waived or lost by any transmission errors. Access to this e‐mail by anyone other than the intended recipient(s) is unauthorized. If you are not an intended recipient, any disclosure, printing, copying, or distribution of any part of this message is prohibited and may be unlawful; and any action taken or not taken in reliance on this e‐mail is not authorized by the sender. If you have received this e‐mail in error, please notify us immediately by telephone at 1‐800‐846‐6666 and delete this e‐mail. Third Party Research If any third‐party research report ‐ i.e., not a report issued by a Davenport research analyst ‐ is attached to this e‐
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mail. Davenport is not liable for damage done by viruses contained within e‐mails. **Information contained in this communication should not be used as the primary basis for investment decisions. 
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