Thomas Mandel

Semper Capital Management, L.P.

Founded in 1992, Semper Capital Management, LP ("Semper") is a privately-owned investment advisor focused on domestic (US) fixed income investing with an emphasis on mortgage-backed securities. Semper headquartered in New York City, has been SEC-registered since 1992. Semper manages institutional, separately managed accounts and registered, co-mingled public funds (‘40 Act and UCITS format). Semper is a certified minority and veteran owned and operated firm. For more information, visit www.sempercap.com. Posts by Semper are for informational purposes only and should not be considered investment advice or a recommendation to invest in any security, product, or service. Investing involves risk, including the possible loss of principal. Semper disclaims any responsibility to update views expressed and are subject to change at any time. Views should not be relied upon as investment advice. Semper cannot be held responsible for any direct or incidental loss incurred as a result of any investor's reliance on opinions expressed herein. Account follows, linking, or sharing of third-party content is intended to provide additional perspective and is not as an endorsement. Semper reserves the right to block users whose posts or content is deemed inappropriate (containing unlawful, abusive, defamatory, profanities or offensive language) or constitutes a testimonial, advertisement, or recommendation of any securities, products, services or contains promotional material. Please do not communicate any personal information when contacting us online. We may not be able to respond directly to you. For a personalized response, please contact us at InvestorRelations@sempercap.com. Minority & Veteran certifications are renewed annually. Registration with the SEC does not in any way constitute an endorsement by the SEC of an investment adviser's skill or expertise.