access to capital markets

BDO currently serves over 293 domestic publicly traded clients. We have assisted many of these entities not only with their ongoing SEC filings, but also with their public offerings. We have also helped these and many other clients with private placements.

Current “Top 25” BDO SEC clients: uDedicated Resources, Proactive Professionals • Forest Laboratories, Inc SEC–registered entities find that the sheer volume of theSEC 's rules and its numerous • Henry Schein, Inc. unpublished administrative positions give rise to many complex issues and questions. BDO USA, • Nuance Communications, Inc. LLP has committed substantial resources to help our clients find workable solutions to those • Dril-Quip, Inc. complex problems and to ensure timely and proper filings. • Amerco (U-Haul) • GameStop Corp. Our National SEC Department, led by Wendy Hambleton, maintains a constructive working • 3D Systems Corp. relationship with the SEC staff, closely monitoring changes in reporting requirements and • Healthcare Realty Trust Incorporated keeping engagement personnel informed of changes. The department also devotes significant • Prospect Capital Corporation personal attention to client filings to ensure that clients receive the benefits of their extensive • Amtrust Financial Services & Subs experience and knowledge. • MasTec, Inc. • SemGroup Corporation • Oiltanking Partners, LP uIPO Participation, Meticulous Attention • Vanguard Natural Resources LLC From 2010 through today, BDO USA, LLP participated in over 95 public and private offerings. • Questcor Pharmaceuticals, Inc. Proceeds from these offerings ranged from $2 million to $650 million. Eight of these offerings • National Health Investors, Inc. were IPOs of which the total proceeds were over $950 million. We gave each one the same • Iconix Brand Group, Inc. meticulous attention. • Glimcher Realty Trust • Legacy Reserves LP • Acadia Realty Trust • Interface, Inc. • AZZ, Inc. • Hecla Mining Company • Children’s Place Retail Stores, Inc. • Jones Apparel Group, Inc

Capital Markets Insert.indd 1 5/31/13 10:17 AM Selected Underwriters Involved BDO Capital Markets Practice BDO is a valued business advisor to businesses making public securities offerings. in BDO Client Offerings The firm works with a wide variety of clients, ranging from multinational Fortune 500 Aegis Capital Corporation Capital Markets corporations to more entrepreneurial Ascendiant Securities, LLC Liquidnet, Inc. businesses, on a myriad of accounting, tax and Avondale Partners, LLC Macquarie Capital other financial issues. of America Lynch Merrill Lynch & Co., Inc. Barclays Bank PLC Merrill Lynch, Pierce, Fenner & Smith Contact: Barclays Capital Inc. Incorporated BB&T Capital Markets BMO Capital Markets Needham & Company, LLC Bank of America Merrill Lynch Oppenheimer & Co. Inc Canaccord Genuity PacificC rest Securities, Inc. Cantor Fitzgerald & Co. Piper Jaffray Inc. Global Markets Inc. Pritchard Capital Partners, LLC Credit Agricole CIB Raymond James & Associates, Inc., Group AG RBC Capital Markets, LLC Credit Suisse Securities (USA) LLC Robert W. & Co. Credit Suisse Securities (USA) LLP Rodman & Renshaw, LLC Securities, Inc. Stephens Inc. Early Bird Capital, Inc. Financial Corporation FBR Capital Markets & Co. Stifel, Nicolaus & Company Goldman, Sachs & Co. Tudor, Pickering, Holt & Co. J.P. Morgan Securities, LLC U.S. Bancorp J.P. Morgan Securities, Inc. UBS Securities LLC Jefferies & Company, Inc. Warburg Pincus LLC JMP Securities, LLP WedBush Securities Inc. Johnson Rice & Company L.L.C. Securities, LLC KeyBanc Capital Markets Inc. William Blair & Company, L.L.C. Ladenburg Thalmann & Co. Inc. Wunderlich Securities, Inc.

All data as of March 31, 2013

BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, financial advisory and consulting services to a wide range of publicly traded and privately held companies. For more than 100 years, BDO has provided quality service through the active involvement of experienced and committed professionals. The firm serves clients through more than 40 offices and over 400 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multinational clients through a global network of 1,204 offices in 138 countries. BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms. For more information, please visit www.bdo.com. © 2013 BDO USA, LLP. All rights reserved.

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