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tact Your sales rePresentalhe a go to Matrix at http://ww.rnorganstardey.corrimatrix. My access and/or use cl Morgan Stanley Research is subject to Morgan Starleys Terms of Use plex/Armw.maganstanley.corriterirs.hten By accessing aridlor using Morgan Staley Research you are incfcating that you have read and agr
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l and capital markets that delays harvesting of investments and dampens returns which Lower cash earnings. Morgan Stanley & Co. International plc (“Morgan Stanley”) is cur- rently acting as financial advisor to Banco Popular Espafiol, S.A. (“Banco Popular”) in relation to its agreements with Balsam Invest- ment
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