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permitted to do so. II-12 CONFIDENTIAL UBSTERRAMAR00004015 EFTA00239347 FOR EXISTING INVESTOR USE ONLY Business Dependent on Key Individuals; Reliance on Portfolio Managers The success of the Fund is significantly dependent upon the expertise of a number of individuals including certain of those i
ium USA and its Partners which should be considered by a Limited Partner. Millennium USA has not sought a ruling from the Internal Revenue Service (the "Service") or any other federal, state or local agency with respect to any of the tax issues affecting Millennium USA, nor has it obtained an opinion of cou
s from the other Feeder Funds' investors, which could adversely affect the value of an investor's interests. Business Dependent on Key Individuals; Reliance on Portfolio Managers The success of the Fund is significantly dependent upon the expertise of a number of individuals, including, Israel A. Englan
ium USA and its Partners which should be considered by a Limited Partner. Millennium USA has not sought a ruling from the Internal Revenue Service (the "Service") or any other federal, state or local agency with respect to any of the tax issues affecting Millennium USA, nor has it obtained an opinion of cou
s from the other Feeder Funds' investors, which could adversely affect the value of an investor's interests. Business Dependent on Key Individuals; Reliance on Portfolio Managers The success of the Fund is significantly dependent upon the expertise of a number of individuals, including, Israel A. Englan
ium USA and its Partners which should be considered by a Limited Partner. Millennium USA has not sought a ruling from the Internal Revenue Service (the "Service") or any other federal, state or local agency with respect to any of the tax issues affecting Millennium USA, nor has it obtained an opinion of cou
Entities connected to both Reliance and the "Service

Jeffrey Epstein
PERSON
United Kingdom
LOCATION
New York
LOCATION
United States
LOCATION
New York State
LOCATION
Samantha Power
PERSONthe U.S. Investment Company Act
ORGANIZATION
Lesley Groff
PERSON
the Cayman Islands
LOCATIONthe Securities and Exchange Commission
ORGANIZATIONthe State of New York
LOCATIONCayman
LOCATIONAccounting Period
ORGANIZATIONSpecial Limited
ORGANIZATIONthe Cayman Islands Monetary Authority
ORGANIZATIONthe Offered Interests
ORGANIZATION
George W. Bush
PERSONthe U.S. Investment Advisers Act
ORGANIZATIONAllocation of Profits and Losses
ORGANIZATION
Barry Diller
PERSON