WESTWOOD HOLDINGS GROUP INC

Westwood Holdings Group, Inc. manages investment assets and provides services to clients through its subsidiaries. The company, founded in 1983, operates primarily through Westwood Management Corp., Westwood Advisors, L.L.C., Salient Advisors, L.P., and Broadmark Asset Management LLC, all of which are registered investment advisers. Additionally, Salient Capital, L.P. is an SEC-registered broker-dealer. Westwood Management provides investment advisory services to institutional investors, the Westwood Funds® mutual fund family, other mutual funds, and individual investors. Westwood Trust, established in 1974 as a state-chartered trust company, offers trust, custodial, and investment management services using commingled funds and individual securities for institutions and high net worth individuals. Broadmark, based in San Francisco, is an RIA that manages and/or sub-advises mutual funds, as well as retail and institutional separately-managed accounts. Salient Capital, L.P. acts as a sub-placement agent for private placements. Salient Advisors, an SEC-registered investment adviser and CFTC-registered Commodity Pool Operator, advises the Westwood Salient Tactical Plus Fund, which is sub-advised by Broadmark.