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1. The Company only transacts business in states where it is properly registered, or excluded or exempted from registration requirements.

2. Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that the future performance of any specific investment, investment strategy (including the investments and/or investment strategies recommended and/or purchased by advisor), or product made reference to directly or indirectly on this website, or indirectly via link to any unaffiliated third-party website, will be profitable or equal to corresponding indicated performance levels. 

3. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client's investment portfolio. No client or prospective client should assume that any information presented and/or made available on this website serves as the receipt of, or a substitute for, personalized individual advice from the advisor or any other investment professional.

4. Historical performance results for investment indexes and/or categories generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment-management fee, the incurrence of which would have [the] effect of decreasing historical performance results. The presence of this web site on the Internet shall in no direct or indirect fashion raise any inference or implication that Shilanski & Associates, Inc., an Alaska Registered Investment Adviser, is selling, offering to sell or soliciting to provide investment advisory services to residents of any state other than the state of Alaska.