DISCLOSURES

The purpose of this website is to provide informational material to our clients and readers. None of the content should be construed as specific investment advice, or replacement for investment advice from Wellesley Asset Management, Inc. (WAM), or any other investment professional. This is not an offer to purchase securities. Although information has been obtained from and is based on sources WAM believes to be reliable, WAM does not guarantee the accuracy of the information, and it may be incomplete or condensed. All investments, including convertible bonds, have a risk of loss. Past performance is not a guarantee of future results.

Disclosures Regarding Risk

Convertible bonds are subject to risks associated with both debt securities and equity securities. Debt securities are subject to credit risk. Credit risk relates to the ability of the issuer of a security to make interest and principal payments on the security as they become due. If the issuer fails to pay interest, income might be reduced, and if the issuer fails to repay principal, the value of that security and shares might be reduced. The values of debt securities are subject to change when prevailing interest rates change. As interest rates rise the value of bond prices will decline. Because investments in convertible bonds are convertible into common stock, the prices of investments in convertible securities are sensitive to events that affect the values of the issuer’s common stock.

Disclosures Regarding Rankings, Honors and Recognitions Awarded to Wellesley Asset Management, Inc. and its Executives

Honors and recognitions by unaffiliated rating services, companies, and/or publications should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Wellesley Asset Management, Inc. is engaged, or continues to be engaged, to provide investment advisory services; nor should they be construed as a current or past endorsement of Wellesley Asset Management, Inc. or its representatives by any of its clients. Rankings published by magazines and others are generally based exclusively on information prepared and/or submitted by the recognized advisor. Moreover, with regard to all performance information contained herein, directly or indirectly, if any, users should note that past results are not indicative of future results.

Unless otherwise specified, all awards shown are based on the one year period immediately preceding the date listed. No compensation was paid by WAM to receive or be considered for the ratings.

Please see below for a more detailed description of the criteria used with respect to the awards and recognitions granted to Wellesley Asset Management, Inc., and, as indicated below, its individual employees.

Barron’s criteria (Top 1,200 Financial Advisors):

To be nominated for Barron’s Top 1,200 Financial Advisor listing, advisors must complete an extensive survey about their practice. Barron’s also examines regulatory records, internal company documents, and 100-plus points of data provided by the firm. The criteria for inclusion are total assets under management and revenue generated, as well as the overall quality of the practice. Investment performance is not an explicit criterion, because clients’ investment goals vary. In many cases, the objective is preservation of wealth, rather than extraordinary returns.

Forbes’ Criteria (America’s Top Wealth Advisors and Best-In-State Wealth Advisors):

The Forbes Next-Gen Wealth Advisors rankings, developed by SHOOK Research, is based on an algorithm of qualitative criterion—mostly gained through telephone and in-person due diligence interviews—and quantitative data. Those advisors that are considered have a minimum of four years’ experience, and the algorithm weighs factors like revenue trends, assets under management, compliance records, industry experience and those that encompass the highest standards of best practices. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK receive a fee in exchange for rankings.

Forbes’ Criteria (Top Next-Gen Wealth Advisors):

The Forbes Top Next-Gen Wealth Advisors rankings, developed by SHOOK Research, is based on an algorithm of qualitative criterion—mostly gained through telephone, virtual, and in-person due diligence interviews—and quantitative data. Those advisors that are considered have a minimum of four years’ experience, and the algorithm weighs factors like revenue trends, assets under management, compliance records, industry experience and those that encompass the highest standards of best practices. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK receive a fee in exchange for rankings.

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