EFTA00238428.pdf

SUBS UBS Financial Services, Inc. 299 Park Avenue 25th Floor New York NY 10171-0002 Confirmation ubs.conYfs November 30, 2016 Confirmation: Ending your participation in a UBS Investment Advisory program Verification This message confirms that you no longer participate in the Investment Advisory program for the accounts shown below. If you have elected to enroll in another Advisory Program, additional information will be sent to you after the enrollment is completed. This change applies only to the accounts and program referenced below. It does not affect your relationship with your Financial Advisor or UBS. Account Investment Advisory Program End Date Y1 XXX72 UBS Strategic Advisor 11/29/2016 Y1 XXX68 UBS Strategic Advisor 11/29/2016 Y1 XXX74 UBS Strategic Advisor 11/29/2016 What this means to you We have converted your Investment Advisory program account to a brokerage account. Moving forward, we will act as your broker— not your investment adviser. Investment Advisory programs and brokerage services are separate and distinct ways to participate in the financial markets, and each is governed by different laws and separate contracts with you. Your Financial Advisor can help you determine whether to continue holding these assets in a brokerage account or to participate in another Investment Advisory program, now or in the future. To learn more about the differences between brokerage and advisory services, please visit our website at www.ubs.com/workingwithus. Thank you for allowing us to continue serving your investment needs. Disclosure To comply with applicable industry regulations, we confirm the information in our records when changes such as the above occur. UBS Financial Services Inc. is a subsidiary of UBS AG. Package ID: 0188140844 - 0001 CONFIDENTIAL UBSTERRAMAR00003037 EFTA00238428  Questions If changes are required or if you have any questions, please contact your Financial Advisors, Scott Stackman I Lyle Casriel, at 1 (212) 821-7000. Package ID: 0188140844 - 0002 E CONFIDENTIAL UBSTERRAMAR00003038 EFTA00238429