From: Evan Wax •cl To: Evan Wax <=l Bcc: Subject: Wax Asset Management 2012 review Date: Tue, 15 Jan 2013 19:22:08 +0000 Attachments: W.A.M._ FY 2012.pdf Dear Clients and Friends, Attached to this email please find our 2012 review. I look forward to hearing your comments and answering an

19 range. With the large price gain and the additional shares we were able to accrue after the sale, the position is now an extremely large part of W.A.M.'s portfolio. We are delighted with the gains. We also realize that many of our clients are nervous holding such an outsized position and want to kn

From: Evan Wax <=l To: Evan Wax <1 Bcc: ' Subject: W.A.M. Brief Portfolio Update Date: Wed, 26 Sep 2012 17:10:10 +0000 Attachments: W.A.M._KSW_and_HMG_update(current_clients_only).pdf Clients, Please see