Special Securities Law Notice

The National Securities Markets Improvement Act (the “Act”) signed into law on October 11, 1996, exempts church plans from federal and state securities laws, except for anti-fraud provisions.  In order to qualify for the exemption, church plans must satisfy eligibility requirements under section 414(e) of the Internal Revenue Code of 1986, as amended (the “Code”) and the assets of church plans must be used exclusively for the benefit of plan participants and beneficiaries.  Church plans continue to be subject to the Internal Revenue Code and its regulations regarding eligibility, governance, and operations of such plans.

The following notice is provided in accordance with the Act:

The Wesleyan Pension Fund Inc or any company or account maintained to manage or hold assets of the Plan and interests in such Plan, companies, or accounts (including any funds maintained by Wesleyan Pension Fund Inc) are not subject to registration, regulation or reporting under the Investment Company Act of 1940, the Securities Act of 1933, the Securities Exchange Act of 1934, Title 15 of the United States Code, or State securities laws.  Therefore, plan participants and beneficiaries will not be afforded the protections of those provisions.