About Income Securities Advisors, Inc (ISA)

ISA is an independent investment advisory and research firm which for over 20 years has been specializing in fixed income securities including bonds, convertibles, preferreds and hybrids. We believe in equity investment through Exchange Traded Funds (ETF) and Closed End Funds (CEF) rather than through mutual funds or individual stocks.

ISA maintains current and historic databases on the entire high yield bond and preferreds markets as well as on defaulted municipal and corporate bonds.

ISA publishes three monthly newsletters; the Forbes/Lehmann Income Securities Investor, the ETF Investor Newsletter and the Distressed Debt Securities Newsletter, which are available in hard copy or via the electronic editions.

ISA provides a variety of information services on the Bloomberg financial informati

OUR PHILOSOPHY:

1. We believe fixed income securities have a place in all investment portfolios no matter the age, wealth or risk tolerance of the investor.

2. We make investment selection to suit low, medium and high risk investors and clearly identify which is which.

3. We advocate investment through diversification over a range of investment instruments as providing the best route for low risk and high reward.

Richard Lehmann is President of Income Securities Advisors, Inc.

Mr. Lehman founded the Bond Investors Association (BIA) in 1983 as an information organization for individual bondholders. ISA is the successor to BIA. He has authored numerous articles on bonds and fixed income investing both in financial column and book form. He is a regular columnist on fixed income investing with Forbes Magazine. He has taught finance and accounting in the MBA program at Barry University in Miami and has spoken at numerous investment seminars.

Mr. Lehmann holds an MBA from Columbia University, is a CPA and a registered investment advisor