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Yet ablated barks and other threpary banks, ad provides access to nsurace and a-nuty prodat toad by unaffiliated Uneasy insurance compries through Murano, agency subsiiieries of UBS Finarcial Services Inc. Investment, nsuraxe. and amity products: Not IDIC inured • No bank guarantee* May tee vela RY
ient skidoo of snares per thane (I) investment (S) JP MORGAN NEW YORK MUNICIPAL MONEY MARKET FUND MORGAN 1.000 mrriment agency though money Markel funds seek to deserve the vane of your Imtsvneni at $1.03 per Unmated (tot gan or bss is the <Afferente between the current value and the cost basis
he sale a distrixtion of arm.* contrails andast emednieill Wig unit IOW Chants, we antra nor affiliate wad new«. awing coo enrien fram many of the Murano script« urderwrieird the arniny contracts. all åates of We insurance cowmen or sponsors of the in iniestment trusts we deserbate. — Cvvr all Ames
may nee leant you cost bass • Resticled severities. Antrkted segrikes recall( av not and, eligble for public sale. Le3S Financial Seines use, the Markel rite d the unrestricted stock of the same eater as an fl uted value la the restricted stock for purposes of the sidemen' onk To the indent that re
<lents, we ands our affiliate recta retina sharing compost:a f rom many of the inaxance companies underwriting the amity contracts, *Rates of he Murano* twat, or sponsors of Melte investment mots we asstd./a - Gas andinte& also retie trading commaits and other armament from mutual finds and nsura
funds Money market funds one neither insured for guaranteed Di the Feder& Deposit insuraue Corporation °ray other government agency. Although money Markel funds seek to preserve the value ol your Investment at Si DO per share. it is poditee 10 lose money by infesting in these funds. Tatar reinvested d
ge lautttS Mndl prfonie access to bat no services and produaS tiros* anadtmets wed affiliatedbalks rid otter dill. pally balks. and proved,, loom Murano aid amity pedals iszed by unaffilated the/party Moan" corps*, through nonce aattity lubSISS es of urn humid Sakes Ix grievant. man, androsilyprod
Weber Average pea of shares per share (S) Client investment Your II nandal Advisor: SCOTT STACK MAMLYLE CASRIEL intent agency. Although money Markel tuna seek to rreserve the value of your investment at Sit° per Voreeizeef (taxIg am or loss Is the dffe fen« between the current value and the cost
emia unarm MJem prfonie access to bat rep semces am products Ott* anrgements woo affiliatedbalks red otter dill. pally balkt and prcvdes ao:ass to Murano aid amity peOdJCIS iszed by unaileted that party Mara corps*, through elaniCe aattity lubSISS es of UM Fnencial Imam lo megmint. man. and &nay pr
ot to deposts at UBS AG. Stamford Bench or bank deposits placedthrouch the UBS Internatona Depose Account program. SIPC protection applies to money Markel sweep fund headings but int bar* deposits. See Important ,formation titko t your steternent on the last Ono pages a this document for cetals. lone
arra-dements Min ari dated barks and other thrd-party banks, and provides access to reliance and entity products issued by unaffiliated thief-pry Murano companies through Surma agency subsidiaries of UBS Financial Services Inc. Ineeistaint, swum.. ad annuny products: Not FDIC rend • Noted gut/erten
nd may nee reflect you cost bass • Restided severities. Potted smelts generalb av not dawdle eligble for public sale. CBS Financial Sowed use, the Markel rite d the unrestricted stock of the same eater as en input value la the restricted stock for purposes of the sidemen' onk To the indent that noti
are Oftteerage IOXUMS MIN proMe access to baling sersces ao prods,, trough onager/wits with *Mated baths rd other AIM ponybalks ad provides mow to Murano and ,rusty Brodie rased by unallilated thed late Werra convenes Hough man awnoy lubsint es of utS Maxial Seven Ix breathiest. nsufaxo. andemu/hi
. n eau-Una with EX nibs • Ma/valuil anCesdapltand ta Wadies ardOtha produces maybe hidbr a Inver them to pia that you would email, recite in the Markel ides are Obtaned from vakas rod polysources next webaneto te relate but we do not garotte ea' amoacy - Wo wetly mo to ckongprge whin *rabble et Pe
Entities connected to both Murano and Markel

Ghislaine Maxwell
PERSON
Condoleezza Rice
PERSON
Vicky Ward
PERSON
NEW YORK NY
LOCATIONRussell 3000
ORGANIZATION
George W. Bush
PERSON
United States
LOCATION
Joi Ito
PERSONWeehawken
LOCATION
Stanford University
LOCATION
UBS AG
ORGANIZATIONSCOTT STACK
ORGANIZATION
Mao Zedong
PERSONDoug Band
PERSONHarbor Boulevard
LOCATION
U.S. Treasury
ORGANIZATIONBank USA
ORGANIZATIONCayman
LOCATIONLOS AG
ORGANIZATIONUPS AG
ORGANIZATION