Welcome to the website of Legg Mason Capital Management located in Baltimore, Maryland.   Legg Mason Capital Management ("LMCM") is comprised of (i) Legg Mason Capital Management, Inc. (“LMCI”), a Maryland corporation registered as an investment adviser with the U.S. Securities and Exchange Commission (“SEC”) pursuant to the Investment Advisers Act of 1940 (“Advisers Act”); (ii) Legg Mason Funds Management, Inc. (“LMFM”), a Maryland corporation registered as an investment adviser with the SEC pursuant to the Advisers Act; and (iii) LMM LLC (“LMM”), a Delaware limited liability company registered as an investment adviser with the SEC pursuant to the Advisers Act. LMCI and LMFM are wholly owned subsidiaries of Legg Mason, Inc., a NYSE-listed, diversified financial services holding company based in Baltimore, Maryland. LMM is a joint venture between Legg Mason, Inc. and an employee. Persons who access the material available on this website agree to the following:

• Regulatory Restrictions.   The information provided on this website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation, or that would subject LMCM or its affiliates to any registration requirement within such jurisdiction or country. LMCM does not claim that information on this website is appropriate or available for use outside of the United States. If you choose to access this website, you are responsible for compliance with any local laws.

 

• Informational Purposes Only.   This website is for informational purposes only and is not intended to be a solicitation, offering or recommendation by LMCM or its affiliates of any product, transaction or service, including securities transactions and investment management or advisory services. The opinions expressed in this website should not be considered investment, tax, legal or other advice and should not be relied on in making any investment or other decision. LMCM does not represent that the securities, products or services discussed in this website are suitable or appropriate for any particular investor. Although the information and data provided to you on this website is obtained or compiled from sources believed to be reliable, LMCM cannot and does not guarantee the accuracy, validity, timeliness or completeness of any information, data or opinions made available to you for any particular purpose. In addition, LMCM expressly disclaims any duty to update the information or opinions appearing on this website.

 

• Limitation of Liability.   The information, data and opinions on this website are provided "as is" and are provided without any warranty of any kind, either express or implied. LMCM does not warrant the accuracy of the information provided for any particular purpose and expressly disclaims any warranties of merchantability or fitness for a particular purpose. LMCM WILL NOT BE LIABLE FOR ANY DIRECT, SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES, EVEN IF EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, ARISING OUT OF OR IN CONNECTION WITH THE USE OF THIS WEBSITE.

 

• Third-Party Content.   LMCM is in no way responsible for the content of any website operated by a third-party that may be linked to this website via hyperlink, whether such link is provided by LMCM or by a third-party. LMCM does not develop or guarantee, and undertakes no effort to verify, the accuracy, timeliness or completeness of the content of any website to which LMCM may link, including any information about LMCM or its affiliates appearing on any other site. By providing access to other websites, LMCM is not recommending the purchase of any product or service provided by the sponsors of such websites. LMCM likewise is not responsible for content that appears on this website that may be provided by a third-party, such as market data and peer performance information.

 

• Privacy.   The security or privacy of your e-mail communications is not guaranteed. You should not send via e-mail any sensitive or confidential information. LMCM takes the matter of your privacy very seriously. As a visitor to its website, LMCM may collect information about you if you voluntarily choose to send us an e-mail, request information or ask to be contacted. LMCM may use this information to provide you with updated information about the products and services it offers. However, LMCM will never share your personal information with any unaffiliated party, unless required to do so by law. Certain employees of LMCM and its affiliates may be given the information you provide to respond to your requests. Employees of LMCM and its affiliates are instructed to handle this information confidentially. Other sites this website links to may have their own privacy policies and they may differ from LMCM’s policies. LMCM is not responsible for the privacy practices employed by other websites.

 

• Copyrights and Restrictions on Use of Materials.   This website is protected by applicable copyright law. If you download or print any information from this website, you agree that you will not remove or obscure any copyright or other notices or legends contained in any such information. You may not reproduce, transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose any part of the LMCM website without the express prior written permission of LMCM.

 

• Modification of Terms and Conditions of Use.   LMCM reserves the right to change, modify, add or remove portions of the Terms and Conditions of Use at any time. Accordingly, it is suggested that you review these terms periodically for changes. Use of this website constitutes your acceptance of any changed terms.