A tax-smart income solution that targets high current income through the use of portfolio margin with a measure of downside protection. The Lyons Enhanced Yield Strategy is
designed to provide a high level of current income, independent of market direction, that is measurable and consistent for investors. The income produced has better tax efficiency
than bond income, and capital appreciation is considered a secondary objective. The portfolio is levered, holds individual dividend-paying stocks, and risk is controlled through the
use of options strategies to hedge against downside volatility. The strategy targets an above average net yield and is fully liquid with no capital call obligations.