Privacy Policy

We recognize that our relationship(s) with you is based on integrity and trust. We work hard to maintain your privacy. We are very careful to preserve the private nature of our relationship with you. At the same time, the very nature of our business sometimes requires that we collect or share certain information about you or your account with others, both at your direction and not at your direction. As such, we want you to be aware of how we handle and protect your personal information. Our policies and procedures for collecting and disclosing personal information are detailed below:

We may collect or receive non-public personal information about you from:

• Yourself;
• Consumer or other reporting agencies, government agencies or others;
  (such as the Securities and Exchange Commission and the Internal Revenue Service)
• Your transactions with us, our corporate clients, or others; and
• Our Internet website.

We may share the information we collect with agents, brokers, clients, and others who service you.

We may share the information we collect with service affiliates such as:

• Corporate clients;
• Government agencies or others;
  (such as the Securities and Exchange Commission and the Internal Revenue Service)
• Investment companies acting on your behalf;
• Securities broker-dealers acting on your behalf.

Some disclosures may be limited to your name, contact and transaction information with us or others. Such information may include account balance, payment information, etc.

Any disclosures will be only to the extent permitted by federal and state law. Certain disclosures may require us to get an "opt-in" or "opt-out" from you. If this is required, we will do so before information is shared.

We require anyone with whom we share your personal information to protect it. We also require that they use it solely for the purpose for which it was shared. Otherwise, we do not share any personal information about you unless authorized by you or as required or as permitted by law.

We restrict access to personal information about you to those employees who need to know that information to provide services to you. We maintain physical, electronic and procedural safeguards that comply with legal standards to guard your personal information.

If we provide more than one service to you, you may receive more than one privacy notice from us. We apologize for any inconvenience this may cause you. We want to be sure you are aware of our privacy practices.

Sincerely,

IST Shareholder Services