DISCLAIMER NOTICE

UNITS IN CARc SPONSORED OR OTHER GCMA MANAGED FUNDS MAY ONLY BE OFFERED AND SOLD (i) OUTSIDE OF THE UNITED STATES IN RELIANCE ON REGULATION S UNDER THE SECURITIES ACT AND (ii) INSIDE THE UNITED STATES UNDER THE EXEMPTION FROM REGISTRATION PROVIDED BY SECTION 4(2) OF THE SECURITIES ACT AND REGULATION D PROMULGATED THEREUNDER AND OTHER EXEMPTIONS OF SIMILAR IMPORT PURSUANT TO THE LAWS OF THE STATES AND JURISDICTIONS WHERE THE OFFERING MAY BE MADE.

The information provided herein is for informational purposes only and may not be relied on by anyone, including any potential investor in any CARc sponsored or other GCMA managed Fund.

This is not an offer to sell or a solicitation of an offer to buy Units in any CARc sponsored or other GCMA managed Fund, which may only be made by delivery of a private offering Memorandum, as described above.