Cutler's Investment Philosophy

Cutler Capital's investment philosophy is to generate income and growth, and to preserve capital by investing in securities that:

• Enhance total return
• Demonstrate equity-like capital appreciation
• Generate income
• Minimize risk

Our past success can be attributed to our expertise in buying securities that generate consistent income. The cash flow from these securities can be reinvested and, when combined with Cutler Capital's value orientation, generally reduces overall portfolio risk.