June, 2015 — DividendRank Report http://www.dividendchannel.com/

History has shown that the bulk of the stock market's returns are delivered by dividends. Only consistently profitable companies can afford to keep paying dividends, so profitability is of critical importance. And investors shouldn't pay too expensive a price to buy a stock, even if the company itself is strong. So therefore, dividend investors should be most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation.

Each month, Dividend Channel screens through our coverage universe of dividend paying stocks, to look at a variety of data — dividend history & yield, book value, quarterly earnings — and compare it to the stock's trading data to come up with certain calculations about profitability and about the stock's valuation (whether we think it looks ''cheap'' or ''expensive''). Our proprietary DividendRank formula ranks stocks within the following 18 sectors/categories, to identify the top most ''interesting'' ideas that merit further research.

Business Services & Equipment

Construction

Consumer Goods

Consumer Services

Energy

ETFs & CEFs

Financial

Healthcare

Industrial

Manufacturing

Materials

Media

Metals & Mining

Real Estate

Technology

Transportation

Travel & Entertainment

Utilities

Business Services & EquipmentDividendRank Symbol Dividend Recent Yield*

#1 IRM Q 1.90 5.21% #2 NSP Q 0.88 1.67% #3 MIC Q 4.28 5.06% #4 WU Q 0.62 2.83% #5 PAYX Q 1.52 3.08% #6 BBSI Q 0.88 2.45% #7 KFRC Q 0.44 2.00% #8 SPRO Q 0.06 3.83% #9 HCSG Q 0.71 2.36%

#10 NLSN Q 1.12 2.49%

*(updated 8 hours, 27 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

Spotlight On: IRM — 5.2% Yield

Iron Mountain Inc (New)

Iron Mountain store records, primarily paper documents and data backup media, and provide information management services in various locations throughout North America, Europe, Latin America and Asia Pacific. Co. has a range of customer base consisting of commercial, legal, banking, health care, accounting, insurance, entertainment and government organizations. Co.'s services can be divided into two main categories: records and information management services and data management services. Co. provides both physical services and technology solutions in the records and information management and data management categories.

ConstructionDividendRank Symbol Dividend Recent Yield*

#1 AYR Q 0.88 3.63% #2 TRN Q 0.40 1.34% #3 CAT Q 2.80 3.29% #4 ELRC Q 0.80 7.79% #5 MDC Q 1.00 3.58% #6 FLR Q 0.84 1.50% #7 GRAM A 0.25 3.27% #8 BZT Q 1.88 6.90% #9 ALSN Q 0.60 1.97%

#10 HEES Q 1.00 4.59%

*(updated 8 hours, 27 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

Spotlight On: AYR — 3.6% Yield

Aircastle Ltd.

Aircastle is a holding company. Through its subsidiaries, Co. acquires, leases, and sells commercial jet aircrafts. At Dec 31 2013, Co.'s aircraft portfolio consisted of 162 aircraft that were leased to 64 lessees in 37 countries. The lessee is responsible for maintaining the aircraft and paying operation, maintenance and insurance costs. Co. also makes investments in other aviation assets, including debt investments secured by commercial jet aircraft. Co. manages its fleet via offices in the U.S., Ireland and Singapore. Co.'s aircraft types include: A319/A320/A321, A330-200/300, 737-300/300QC/400, 737-700/800, 747-400 Freighters, 757-200, 767-200ER/300ER, 777-200ER/300ER, E195 and others.

Consumer GoodsDividendRank Symbol Dividend Recent Yield*

#1 SSI Q 0.56 3.46% #2 ANF Q 0.80 3.91% #3 UVV Q 2.08 4.04% #4 DEST Q 0.80 7.28% #5 GME Q 1.44 3.32% #6 CATO Q 1.20 3.22% #7 BBY Q 0.92 2.66% #8 BGS Q 1.36 4.40% #9 GES Q 0.90 5.14%

#10 LBMH Q 0.13 4.96%

*(updated 8 hours, 27 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

Spotlight On: SSI — 3.5% Yield

Stage Stores Inc.

Stage Stores is a retailer which operates under the Bealls, Goody's, Palais Royal, Peebles and Stage nameplates. Co. provides brand name and private label apparel, accessories, cosmetics and footwear for the entire family. Co. also provides its merchandise direct-to-consumer through its eCommerce website and Send program. Co.'s merchandise categories include: Men's/Young Men's; Misses Sportswear; Footwear; Children's; Junior Sportswear; Cosmetics; Accessories; Special Sizes; Dresses; Home and Gifts; Intimates; as well as Outerwear, Swimwear and Other. As of Feb 1 2014, Co. operated 883 stores located in 40 states, including 35 Steele's stores.

Consumer ServicesDividendRank Symbol Dividend Recent Yield*

#1 QIWI Q 1.00 3.31% #2 NAUH Q 0.18 5.89% #3 STON Q 2.56 8.39% #4 CLCT Q 1.40 6.55% #5 CPLA Q 1.48 2.78% #6 SCI Q 0.40 1.38% #7 XUE A 0.16 4.20% #8 UTI Q 0.40 4.77% #9 MNRO Q 0.60 1.02%

#10 DV S 0.36 1.14%

*(updated 8 hours, 27 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

Spotlight On: QIWI — 3.3% Yield

QIWI plc

QIWI is a provider of next generation payment services in Russia and the CIS. Co. has an integrated proprietary network that enables payment services across physical, online and mobile channels. Co. has deployed over 17.2 million virtual wallets, over 181,000 kiosks and terminals, and enabled merchants to accept cash and electronic payments monthly. Co.'s consumers can use cash, stored value and other electronic payment methods to order and pay for goods and services across physical or virtual environments interchangeably. Co.'s network of interactive Qiwi kiosks also enables Co. to provide advertising services.

EnergyDividendRank Symbol Dividend Recent Yield*

#1 CPG M 2.76 12.16% #2 DHT Q 0.60 7.61% #3 NE Q 1.50 8.96% #4 CMLP Q 1.64 12.23% #5 AZUR Q 1.46 9.19% #6 ARP M 1.30 17.17% #7 SFL Q 1.72 10.52% #8 ORIG Q 0.76 9.81% #9 ARCX Q 1.64 9.00%

#10 NAT Q 1.52 11.78%

*(updated 8 hours, 27 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

Spotlight On: CPG — 12.2% Yield

Crescent Point Energy Corp

Crescent Point Energy is an oil and gas exploration, development and production company with assets focused in properties comprised of crude oil and natural gas reserves located in Canada and the United States. Co. is engaged in acquiring, developing and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly owned subsidiaries.

ETFs & CEFsDividendRank Symbol Dividend Recent Yield*

#1 EDF M 2.16 12.84% #2 GNT M 0.84 10.31% #3 VGI M 1.87 11.15% #4 BWG M 1.56 10.07% #5 ISD M 1.47 9.34% #6 ARMF M 1.83 9.29% #7 IDE Q 1.62 10.66% #8 EHI M 1.16 10.58% #9 HIX M 0.83 10.36%

#10 GLO M 1.20 9.84%

*(updated 8 hours, 27 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

Spotlight On: EDF — 12.8% Yield

Stone Harbor Emerging Markets Income Fund

Stone Harbor Emerging Markets Income is a non-diversified, closed-end management investment company. The Fund's primary investment objective is to maximize total return, which consists of income on its investments and capital appreciation. The Fund will invest at least 80% of its net assets (plus any borrowings made for investment purposes) in Emerging Markets Fixed Income Securities. Emerging Markets Fixed Income Securities include fixed-income securities and other instruments (including derivatives). As of Nov 30 2013, the Fund's assets totaled $445,014,414 and its investment porfolio totaled $412,566,254.

FinancialDividendRank Symbol Dividend Recent Yield*

#1 GAIN M 0.75 9.90% #2 OFS Q 1.36 11.11% #3 CPTA M 1.88 10.82% #4 TAXI Q 1.00 10.32% #5 BGH M 2.01 9.85% #6 GHY M 1.50 9.60% #7 FSFR M 1.20 12.04% #8 IVH M 1.50 9.33% #9 WHF Q 1.42 10.82%

#10 ACP M 1.44 9.54%

*(updated 8 hours, 27 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

Spotlight On: GAIN — 9.9% Yield

Gladstone Investment Corp

Gladstone Investment is an externally advised, closed-end, non-diversified management investment company. Co. invests in debt and equity securities of established private businesses in the U.S. Debt investments primarily come in the form of three types of loans: senior term loans, senior subordinated loans and junior subordinated debt. Equity investments primarily take the form of preferred or common equity (or warrants or options to acquire the foregoing), often in connection with buyouts and other recapitalizations. Co. is externally managed by Gladstone Management Corporation Administrative services are provided by Gladstone Administration, LLC.

Preferred: GAINP

HealthcareDividendRank Symbol Dividend Recent Yield*

#1 SPAN Q 0.60 3.21% #2 DRAD Q 0.20 4.97% #3 BAX Q 2.08 3.13% #4 MMM Q 4.10 2.58% #5 VIVO Q 0.80 4.40% #6 PFE Q 1.12 3.23% #7 PDLI Q 0.60 8.99% #8 MRK Q 1.80 2.96% #9 JNJ Q 3.00 3.00%

#10 CAH Q 1.55 1.76%

*(updated 8 hours, 27 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

Spotlight On: SPAN — 3.2% Yield

Span-America Medical Systems, Inc.

Span-America Medical Systems manufactures and distributes therapeutic support surfaces, mattress overlays, patient positioners, seating cushions, skin care products and fall prevention products for the medical market and pillows, mattress pads and several foam products for the custom products market in the U.S. and Canada. Co. has two segments: medical and custom products. In the medical segment, Co. manufactures and markets a selection of pressure management products, including Geo-Matt®, PressureGuard®, Geo-Mattress®, Span-Aids® and Isch-Dish® products. Co.'s custom products segment includes two key product lines: consumer bedding products and several engineered industrial products.

IndustrialDividendRank Symbol Dividend Recent Yield*

#1 HIHO Q 0.40 11.67% #2 BGG Q 0.50 2.62% #3 RTN Q 2.68 2.60% #4 DE Q 2.40 2.57% #5 ARII Q 1.60 2.98% #6 IPHS Q 1.92 3.69% #7 AIRI Q 0.60 5.89% #8 TROX Q 1.00 5.93% #9 LMT Q 6.00 3.19%

#10 MSM Q 1.60 2.31%

*(updated 8 hours, 27 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

Spotlight On: HIHO — 11.7% Yield

Highway Holdings Ltd. (British Virgin Islands)

Highway Holdings is a holding company. Through its subsidiaries, Co. is enganged in the manufacturing and supplies of metal, plastic, electric and electronic components, subassemblies and finished products for its original equipment manufacturing clients, which products are used by Co.'s customers in the manufacturing of such products as photocopiers, laser printers, compact disc players, laser disc players, cassette players, computer equipment, electrical components, electrical connectors, cameras, clocks and automobile accessories. Co. also assists its customers in the design and development of the tooling used in the metal and plastic manufacturing process.

ManufacturingDividendRank Symbol Dividend Recent Yield*

#1 IEP Q 6.00 6.63% #2 CODI Q 1.44 8.82% #3 GM Q 1.44 4.01% #4 HOG Q 1.24 2.32% #5 CMI Q 3.12 2.31% #6 CSCO Q 0.84 2.87% #7 CCI Q 3.28 4.02% #8 MLR Q 0.64 3.13% #9 GPC Q 2.46 2.72%

#10 JCI Q 1.04 2.00%

*(updated 8 hours, 27 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

Spotlight On: IEP — 6.6% Yield

Icahn Enterprises L P

Icahn Enterprises is a holding company. Through its subsidiaries, Co. has several businesses: Investment, which provides investment advisory and administrative and back office services; Automotive, which consists of Federal-Mogul Corporation; Energy, which includes its ownership in CVR Energy, Inc.; Metals, which consists of PSC Metals Inc.; Railcar, which mainly consists of American Railcar Industries, Inc.; Gaming, which consists of Tropicana Entertainment, Inc.; Food Packaging, which consists of Viskase Companies, Inc.; Real Estate, which consists of rental real estate, property development and associated resort activities; and Home Fashion, which consists of WestPoint Home LLC.

MaterialsDividendRank Symbol Dividend Recent Yield*

#1 DOW Q 1.68 3.23% #2 SMG Q 1.80 2.94% #3 POPE Q 2.60 3.85% #4 POT Q 1.52 4.83% #5 SWM Q 1.52 3.77% #6 PKG Q 2.20 3.19% #7 UFS Q 1.60 3.70% #8 MYE Q 0.54 3.13% #9 TUP Q 2.72 4.14%

#10 SON Q 1.40 3.11%

*(updated 8 hours, 27 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

Spotlight On: DOW — 3.2% Yield

Dow Chemical Co.

Dow Chemical is a manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services. Co. serves the following industries: appliance; automotive; agricultural; building and construction; chemical processing; electronics; furniture; housewares; oil and gas; packaging; paints, coatings and adhesives; personal care; pharmaceutical; processed foods; pulp and paper; textile and carpet; utilities; and water treatment. Co. conducts its operations through five segments: Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials and Chemicals, and Performance Plastics.

MediaDividendRank Symbol Dividend Recent Yield*

#1 AHC Q 0.32 5.51% #2 BBGI Q 0.18 4.00% #3 SALM Q 0.26 5.54% #4 QUAD Q 1.20 5.87% #5 PSO S 1.05 5.22% #6 OMC Q 2.00 2.69% #7 WPPGY S 4.01 3.38% #8 NEWM Q 1.32 6.00% #9 MDP Q 1.83 3.47%

#10 CSS Q 0.72 2.61%

*(updated 8 hours, 27 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

Spotlight On: AHC — 5.5% Yield

AH Belo Corp

A. H. Belo is a newspaper publishing and local news and information company that owns and operates three metropolitan daily newspapers and related websites. Co. publishes The Dallas Morning News (www.dallasnews.com), a newspaper in Texas; The Providence Journal (www.providencejournal.com), a daily newspaper in the U.S.; and the Denton Record-Chronicle (www.dentonrc.com), a daily newspaper operating in Denton, TX. In addition, Co. provides digital marketing solutions through 508 Digital and Your Speakeasy, LLC, and also owns and operates commercial printing, distribution and direct mail service businesses.

Metals & MiningDividendRank Symbol Dividend Recent Yield*

#1 CALVF Q 0.06 7.92% #2 SXCP Q 2.29 10.63% #3 ARLP Q 2.65 8.84% #4 AHGP Q 3.75 7.79% #5 NRP Q 0.36 8.79% #6 ERS Q 0.10 2.58% #7 CMP Q 2.64 3.07% #8 RS Q 1.60 2.51% #9 OCIR Q 2.15 9.17%

#10 BHP S 2.48 5.56%

*(updated 8 hours, 27 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

Spotlight On: CALVF — 7.9% Yield

Caledonia Mining Corp.

Caledonia Mining is engaged in the acquisition, exploration and development of mineral properties for the exploitation of base and precious metals. The ability of Co. to recover the amounts shown for its capital assets and mineral properties is dependent upon the existence of economically recoverable reserves; the ability of Co. to obtain the necessary financing to complete exploration and development; and future profitable production or proceeds from the disposition of such capital assets and mineral properties.

Real EstateDividendRank Symbol Dividend Recent Yield*

#1 AHT Q 0.48 5.59% #2 RESI Q 2.20 12.28% #3 ARI Q 1.76 10.26% #4 EARN Q 2.20 13.94% #5 PMT Q 2.44 13.29% #6 ANH Q 0.60 11.54% #7 ORC M 2.16 15.84% #8 STWD Q 1.92 8.04% #9 ABR Q 0.60 8.47%

#10 CHMI Q 2.04 11.79%

*(updated 8 hours, 27 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

Spotlight On: AHT — 5.6% Yield

Ashford Hospitality Trust Inc

Ashford Hospitality Trust is a real estate investment trust. Co. is focused on investing in the hospitality industry across several segments and in several methods including direct real estate, equity and debt. As of Dec 31 2013, Co. had 85 directly owned hotel properties and two hotel properties that it owned through majority-owned investments in joint ventures. These hotels represent 17,030 total rooms, or 17,003 net rooms, excluding those attributable to joint venture partners. Co.'s hotels are primarily operated under the brands of Hilton, Hyatt, Marriott, Starwood and Intercontinental Hotels Group. As of Dec 31 2013, all of Co.'s hotels were located in the U.S.

Preferreds: AHT.PRA, AHT.PRD, AHT.PRE

TechnologyDividendRank Symbol Dividend Recent Yield*

#1 WILN Q 0.21 10.14% #2 AVX Q 0.42 2.96% #3 FORTY A 0.54 1.93% #4 AMSWA Q 0.40 4.56% #5 KLAC Q 2.00 3.36% #6 MNDO A 0.30 11.96% #7 HWCC Q 0.48 5.37% #8 TST Q 0.10 5.13% #9 CSPI Q 0.44 6.03%

#10 SILC A 1.00 2.77%

*(updated 8 hours, 27 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

Spotlight On: WILN — 10.1% Yield

Wi-LAN Inc

Wi-LAN is a technology development and licensing company. Co. develops, acquires, and licenses a range of intellectual property that drives products in communications and consumer electronics markets. Co. has licensed patents to companies that sell products utilizing the following technologies: Wi-Fi, WiMAX, LTE, CDMA, DSL, DOCSIS, Mesh, multi-mode wireless, Bluetooth and V-Chip. Co. operates in one business segment, being Intellectual Property.

TransportationDividendRank Symbol Dividend Recent Yield*

#1 SSW Q 1.50 7.52% #2 NAO Q 0.68 7.47% #3 KNOP Q 2.04 8.65% #4 SB Q 0.08 2.41% #5 FLY Q 1.00 6.45% #6 NMM Q 1.77 16.27% #7 GLOP Q 1.74 6.82% #8 NAP Q 1.65 9.52% #9 TGH Q 1.88 6.67%

#10 STB M 0.56 11.36%

*(updated 8 hours, 27 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

Spotlight On: SSW — 7.5% Yield

Seaspan Corp

Seaspan is an independent charter owner and manager of containerships. Co. primarily deploys its vessels on long-term, fixed-rate time charters.As of Feb 28 2015, Co. operates a fleet of 77 vessels (including 6 leased vessels) and have entered into contracts to purchase an additional 13 containerships. As of Feb 28 2015, the average age of the 71 vessels in Co.'s operating fleet was approximately 7 years. Co. operates in markets that are very competitive and based primarily on supply and demand. Co. competes for charters based upon price, customer relationships, operating and technical expertise, professional reputation and size, age and condition of the vessel.

Preferreds: SSW.PRC, SSW.PRD, SSW.PRE

Travel & EntertainmentDividendRank Symbol Dividend Recent Yield*

#1 LVS Q 2.60 5.12% #2 HOT Q 1.50 1.81% #3 CBRL Q 4.00 2.84% #4 MCD Q 3.40 3.55% #5 WYN Q 1.68 1.98% #6 IILG Q 0.48 1.85% #7 CNK Q 1.00 2.47% #8 TXRH Q 0.68 1.95% #9 TWX Q 1.40 1.66%

#10 RUTH Q 0.24 1.63%

*(updated 8 hours, 27 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

Spotlight On: LVS — 5.1% Yield

Las Vegas Sands Corp

Las Vegas Sands is a developer of destination properties that has accommodations, gaming, entertainment and retail, convention and exhibition facilities, restaurants and other amenities. Through its 70.2% ownership of Sands China Ltd, Co. owns and operates resort properties in Macao, including The Venetian Macao Resort Hotel, Sands Cotai Central, and the Four Seasons Hotel Macao. In Singapore, Co. owns and operates the Marina Bay Sands. In the U.S., Co.'s properties include The Venetian Resort Hotel Casino and The Palazzo Resort Hotel Casino, as well as the Sands Expo and Convention Center in Las Vegas, NV, and the Sands Casino Resort Bethlehem in Bethlehem, PA.

UtilitiesDividendRank Symbol Dividend Recent Yield*

#1 SGU Q 0.38 4.44% #2 SXE Q 1.60 11.89% #3 SCG Q 2.18 4.11% #4 FTR Q 0.42 8.16% #5 CTL Q 2.16 6.50% #6 CIG A 0.15 3.32% #7 LG Q 1.84 3.44% #8 TDS Q 0.56 1.90% #9 MEP Q 1.39 11.44%

#10 ED Q 2.60 4.21%

*(updated 8 hours, 27 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

Spotlight On: SGU — 4.4% Yield

Star Gas Partners L.P.

Star Gas Partners is a holding company. Co. is a home heating oil and propane distributor and services provider with one reportable operating segment that principally provides services to residential and commercial customers to heat homes and buildings. As of Sep 30 2013, Co. sold home heating oil and propane to about 404,000 full service residential and commercial customers. Co. also sold home heating oil, gasoline and diesel fuel to about 54,000 customers on a delivery only basis. In addition, Co. installed, maintained and repaired heating and air conditioning equipment for its customers and provided ancillary home services, including home security and plumbing, to about 15,700 customers.

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