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AEGIS has minimal exposure to current turmoil in financial markets

After all the reports in the media this week about Lehman Brothers, Merrill Lynch, AIG, Washington Mutual and the financial sector in general, you will be pleased to know that the AEGIS investment portfolio has only minimal exposure to these particular entities and to the sector as a whole.

Prior to the recent events, AEGIS holdings in Lehman, AIG, Merrill and WaMu totaled less than $5.0 million. The current value of these holdings has fallen to $2.5 million, which represents less than 0.1% of our total invested assets. Furthermore, our portfolio's exposure to the entire financial sector is also limited, as our estimated exposure to the sector before the turmoil was less than $100 million.

It's during times such as these that we see the value of a balanced, diversified investment portfolio most clearly. We are grateful to the AEGIS Board of Directors, the Board's Investment Committee, our Investment Division, and our external investment advisors for their prudent advice and careful guidance.