Equity Institutional Update

Please disregard any recent correspondence from Equity Institutional regarding your SFA Commercial investment, especially letters pertaining to fair market valuations or notes maturing.

We recently discovered that the fair market valuation forms sent to Equity Institutional on your behalf were misinterpreted, resulting in incorrect values being reported as of 12/31/2014. We are rapidly working to correct these issues and you will be receiving a corrected 12/31/2014 statement shortly.

We apologize for any confusion and inconvenience. Please contact our office if you have any questions or concerns.