The opinions in the preceding commentary are as of the date of publication, are subject to change based on subsequent developments, and may not reflect the views of the firm as a whole. This material is for general information purposes only and intended to be relied upon as a forecast, research, or investment advice regarding a particular investment or the markets in general and is not intended to be legal advice or tax advice. Nor is it intended to predict or depict performance of any investment. This document is prepared based on the information Lord Abbett deems reliable; however, Lord Abbett does not warrant the accuracy and completeness of the information. It is strongly recommended that your clients consult their tax advisor.