he Issuer. which could adversely affect the ability of the Issuer to make distributions on the Preferred Shares. Legislative and Regulatory Changes; Bank Holding Company Act and Volcker Rule Recent changes in legislation, together with uncertainty about the nature and timing of regulations to be promulgated to implement

he Issuer. which could adversely affect the ability of the Issuer to make distributions on the Preferred Shares. Legislative and Regulatory Changes; Bank Holding Company Act and Volcker Rule Recent changes in legislation, together with uncertainty about the nature and timing of regulations to be promulgated to implement

RIN II •094 Alpha Group Capital LLC Legislative and Regulatory Changes; Bank Holding Company Act Proposed regulations by the SEC, if enacted, would significantly alter the manner in which asset-backed securities. including securities similar to

securitization" exclusion provided under the Volcker Rule. See Section 12, "Certain Risk Factors—General Risks—Legislative and Regulatory Changes; Bank Holding Company Act". Investment Advisers Act of 1940 The Portfolio Advisor is registered as an investment adviser under the Advisers Act and will therefore be subject