Timberline provides commentary and information on important market developments in a quarterly newsletter to
    clients.  The newsletter seeks to inform in a concise and effective manner.  Links to past issues of Timberline's
    newsletter are provided below.
Timberline Investment Management, LLC
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Newsletters provided herein by Timberline Investment Management, LLC  (Timberline) solely represent the opinions and views of the author.  Such views
are subject to change, without notice, based on market or other developments.  All writings and data, including information on securities/markets/mutual
funds, are provided for informational purposes only and do not constitute an investment recommendation, endorsement or solicitation, implied or
otherwise.  Information is obtained from sources deemed reliable but Timberline cannot guarantee the accuracy, timeliness, or completeness of such
information for any particular purpose.  Readers must note that many of the statistics provided are subject to frequent and common revisions after the time
of publication and that Timberline shall not be responsible for providing updates nor shall Timberline be held liable for the consequences of relying on
information that has been revised.  All data provided by Timberline is produced by third parties.  By accessing these reports, you agree not to hold
Timberline (or its personnel) or any third party information providers liable for any investment decision you may make based on your reliance or use of
such information, or any liability that may arise due to delays or interruptions in the delivery of such information for any reason.

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Timberline Investment Management, LLC.
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