Bloomberg Finance L.P. disclaimer applicable to the SIFMA Municipal Swap Index

The SIFMA Municipal Swap Index (the “Index”) is calculated solely by Bloomberg Finance L.P. (“Bloomberg”) and/or its affiliates (“Bloomberg”) and owned by the Securities Industry and Financial Markets Association (“SIFMA”). The Index is provided here solely for internal business or personal use.

By accessing the Index, you indicate your agreement not to use the Index other than as authorized in the previous paragraph. The Index shall not be distributed, licensed, modified, published, re-posted, reproduced, reused, sold, transmitted, used to create a derivative work or otherwise used for public or commercial purposes without the prior written permission of SIFMA and Bloomberg.

The values of the Index are derived from sources deemed reliable, but SIFMA, Bloomberg and their respective affiliates and suppliers do not guarantee the correctness or completeness of the Index, its values or other information furnished in connection with the Index. SIFMA, Bloomberg and their respective affiliates make no warranty, express or implied, as to results to be obtained by any person or entity from the use of Index or any data or values included therein or in connection therewith. SIFMA, BLOOMBERG AND THEIR RESPECTIVE AFFILIATES MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE INDEX AND ANY DATA OR VALUES INCLUDED THEREIN OR IN CONNECTION THEREWITH.

SIFMA, Bloomberg and their respective affiliates, and their respective partners, employees, subcontractors, agents, suppliers and vendors shall have no liability or responsibility, contingent or otherwise, for any injury or damages, whether caused by the negligence of SIFMA, Bloomberg or their respective affiliates, or their respective partners, employees, subcontractors, agents, suppliers or vendors or otherwise, arising in connection with the Index or any data or values included therein or in connection therewith and shall not be liable for any lost profits, losses, punitive, incidental or consequential damages. SIFMA, Bloomberg and their respective affiliates, and their respective partners, employees, subcontractors, agents, suppliers and vendors shall not be responsible for or have any liability for any injuries or damages caused by errors, inaccuracies, omissions or any other failure in, or delays or interruptions of, the Index or any data or values included therein or in connection therewith, from whatever cause. SIFMA, Bloomberg and their respective affiliates, and their respective partners, employees, subcontractors, agents, suppliers and vendors are not responsible for the selection of or use of the Index or any data or values included therein or in connection therewith, the accuracy and adequacy of the Index or any data or values included therein or in connection therewith or information used by you and the resultant output thereof.