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LETTER TO INVESTORS

Each quarter, we publish our letter to investors, a comprehensive piece presenting our detailed market view, scenario analysis, and topics relevant to investors.

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Thnak you!

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+55 11 4780-3794 | contato@persevera.com.br

Juscelino Kubistchek Ave., 1455 - 3rd Floor

Itaim Bibi - 04543-011 - Sao Paulo - SP - Brazil

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Persevera Gestão de Recursos Ltda. (“Persevera”) is a company of the Fami Capital group, and this website is for informational purposes only. It does not constitute an offer of services by Persevera, nor a sale of shares in the funds it manages. Persevera does not market or distribute shares of investment funds or any other financial asset. When assessing the performance of any investment fund, a review period of at least 12 (twelve) months is recommended. Investment funds are not guaranteed by Persevera, by any of its affiliates, by any insurance mechanism, or by the Credit Guarantee Fund (FGC). The funds managed by Persevera use derivative strategies as an integral part of their investment policy. Derivative strategies carry high risk and may result in significant capital losses for shareholders. The information contained on this website does not constitute an opinion or recommendation, legal or otherwise, by Persevera, and does not take into account the particular circumstances of any individual. Any use of the information contained herein is solely at the user's own risk. Before making any investment decision, Persevera recommends that the interested party consult a qualified professional and carefully read the prospectuses, bylaws, and Fact Sheets of the investment funds.

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