Hi everyone:

Brian here.

I was in the hospital during the release of the latest Exclusive on June 11, and wasn't able to provide updated information regarding the tracking of the Exclusive ideas. My apologies.

I'm doing much better and wanted to provide an update on the "performance tracking" of the capital appreciation ideas and short idea considerations -- two categories we monitor closely with respect to success rates.*

But before we release the updated success rate tally for the Exclusive capital appreciation ideas and short idea considerations (we also monitor Exclusive income ideas but evaluate the pace of income growth in the income category, not capital appreciation/depreciation), we are closing a number of prior short idea considerations today

In particular, we are closing the December 2021, January 2022, March 2022, April 2022, May 2022, and June 2022 short idea considerations, as shown in the image. Silvergate Capital (SI) was a huge "winner," down more than 55%, and we made good on the U.S. Global Jets ETF (JETS) and U.S. Foods Holding Corp (USFD) short idea considerations, both of which registered a nice double-digit decline from highlight. Other closes include DDS, IR, and COIN, the latter registering a near 10% swoon since highlight, too.

The Exclusive ideas should be viewed somewhat differently than the newsletter portfolios we provide. Ideas within the Exclusive publication, for example, are not constructed as a portfolio, nor should they be viewed as a portfolio, and we evaluate "performance" of the Exclusive ideas based on category success rates (we also keep track of the Exclusive income ideas, but do not measure success rates based on capital appreciation/depreciation).

After the half dozen closes in the Exclusive short idea consideration category today, the success rate for Exclusive short ideas since inception is now 93%+ (67 out of 72), with some hefty "winners," too. The success rate for Exclusive capital appreciation ideas stands at ~82% (59 out of 72), but we note that the past few ideas have yet to have a sufficient time for our thesis on them to work out. We're being patient with these.

The Exclusive publication is a valuable resource that can be used for monthly idea generation across the income, capital appreciation, and short idea consideration categories. Where the newsletter portfolios may not make a lot of changes each month, the Exclusive publication offers the steady drumbeat of monthly ideas for the investor. Going forward, readers should expect the Exclusive publication to be released on the 8th of the month, instead of the first Saturday.

We're available for any questions, and thank you!

Kind regards,

Brian Nelson, CFA

President, Investment Research

Valuentum Securities, Inc.

brian@valuentum.com

* Success rate: The percentage of ideas highlighted in the Exclusive that have moved in the direction of our thesis (i.e. up for capital appreciation ideas and down for short idea considerations) through the current price or closed price, with consideration of cash and stock dividends. Success rates do not consider trading costs or tax implications.

The information provided in the tables is offered for the convenience of the reader, for illustrative purposes only, and no actual trading is taking place. Actual results may differ from the simulated information being presented. Valuentum is a publisher of financial information, not a money manager, broker, or financial advisor. Many capital appreciation ideas are based on a long-term thesis. However, rapid price-to-fair value convergence may mean we close the ideas relatively quickly, or sooner than expected. Our decision to close an idea may or may not be relevant to you given varying goals and risk tolerances. Success rate: The percentage of ideas highlighted in the Exclusive that have moved in the direction of our thesis (i.e. up for capital appreciation ideas and down for short idea considerations) through the current price or closed price, with consideration of cash and stock dividends. Success rates do not consider trading costs or tax implications. The tables above are provided for the sole purpose of transparency, to allow readers to measure Exclusive ideas in a way they feel is most appropriate. Ideas within the Exclusive are not constructed as a portfolio, nor should they be viewed as a portfolio, and performance information is hypothetical and "trading" is simulated. Shorting stocks involves a number of abnormal risks, including theoretically the infinite loss of capital, and is not for everyone. Valuentum is a financial publisher not a financial advisor. Please contact your personal financial advisor to determine if any idea in the Exclusive may be appropriate for you.

This email, its contents, and the reports or articles (links) or comments referenced or attached in this email are for information purposes only and should not be considered a solicitation to buy or sell any security. Valuentum is not responsible for any errors or omissions or for results obtained from the use of the reports, articles, Best Ideas Newsletter, Dividend Growth Newsletter, Valuentum Exclusive publication, or any other communication and accepts no liability for how readers may choose to utilize the content. Assumptions, opinions, and estimates are based on our judgment as of the date of the reports or articles and are subject to change without notice. For more information about Valuentum and the products and services it offers, please contact us at info@valuentum.com. The Best Ideas Newsletter portfolio and Dividend Growth Newsletter portfolio are not real money portfolios. Any performance, including that in the Valuentum Exclusive publication, is hypothetical and does not represent actual trading. Past simulated performance, back-tested or walk-forward or other, is not a guarantee of future results. Valuentum is not a money manager, is not a registered investment advisor, and does not offer brokerage or investment banking services. Valuentum is an investment research publishing company. No warranty or guarantee may be created or extended by sales or promotional materials, whether by email or in any other format. Further, this e-mail and attachments relating thereto, is intended for the abovementioned recipient. If you have received this e-mail in error, kindly notify the sender and delete it immediately as it contains information relating to the official business of Valuentum Securities Inc, which is confidential, legally privileged and proprietary to Valuentum Securities Inc.