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a member of NYSE, FINRA, SIPC and the NFA. JPMorgan Chase Bank. N.A. is a member of FDIC. U.K.: JPMorgan Chase N.A.. London Branch, is authorised by the Prudential Regulation Authority and is subject to regulation by the Financial Conduct Authority and to limited regulation by the Prudential Regulation Authority. Details about the
Carnival Corporation (CCL), Harley-Davidson (HOG), Hertz Global Holdings, Inc. (FITZ), Norwegian Cruise Line (NCLH), Royal Caribbean Cruises (RCL), Ryman Hospitality Properties (RHP) J.P. Morgan Equity Research Ratings Distribution, as of March 31, 2014 Overweight Neutral Underweight (buy) (hold) (sell) J.P. Morgan Gl
a member of NYSE, FINRA, SIPC and the NFA. JPMorgan Chase Bank. N.A. is a member of FDIC. U.K.: JPMorgan Chase N.A.. London Branch. is authorised by the Prudential Regulation Authority and is subject to regulation by the Financial Conduct Authority and to limited regulation by the Prudential Regulation Authority. Details about the
, Carnival Corporation (CCL), Harley-Davidson (HOG), Hertz Global Holdings, Inc. (HTZ), Norwegian Cruise Line (NCLH), Royal Caribbean Cruises (RCL), Ryman Hospitality Properties (RHP) J.P. Morgan Equity Research Ratings Distribution, as of March 31, 2014 Overweight Neutral Underweight (buy) (hold) (sell) J.P. Morgan Gl
alle Hotel Properties LHO LHO US Shaun C. Kelley Pebblebrook Hotel Trust PEB PEB US Shaun C. Kelley Penn National Gaming PENN PENN US Shaun C. Kelley Ryman Hospitality Properties RHP RHP US Shaun C. Kelley Wynn Resorts Ltd WYNN WYNN US Shaun C. Kelley UNDERPERFORM Ashford Hospitality Trust AHT AHT US Shaun C. Kelley DiamondRo
Page: HOUSE_OVERSIGHT_014647 →a (Pty) Ltd., regulated by The Financial Service Board; MLI (UK): Merrill Lynch International, regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority PRA); Merrill Lynch (Australia): Merrill Lynch Equities (Australia) Limited, regulated by the Australian Securities and Investments Commission; Merri
Page: HOUSE_OVERSIGHT_014650 →Entities connected to both the Prudential Regulation Authority and Ryman Hospitality Properties

Frankfurt
LOCATIONThe Financial Futures Association of Japan
ORGANIZATION
the Financial Services Agency
ORGANIZATIONthe Capital Market Authority
ORGANIZATION
Bloomberg L.P.
ORGANIZATIONthe Securities and Futures Commission
ORGANIZATION
Malaysia
LOCATION
JPMorgan Chase
ORGANIZATION
Philippines
LOCATIONthe Securities and Exchange Commission
ORGANIZATION
New Zealand
LOCATIONthe Central Bank of Brazil
ORGANIZATION
the Ministry of Finance
ORGANIZATIONJapan Investment Advisers Association
ORGANIZATIONthe Philippine Stock Exchange
ORGANIZATIONJPMSAL
ORGANIZATIONDubai Branch
ORGANIZATIONthe Karachi Stock Exchange
ORGANIZATIONCapital Markets Services License
ORGANIZATIONMonetary Authority of Singapore
ORGANIZATION