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he income is sourced. Millennium Management and its affiliates operate throughout the world in various jurisdictions, including the United Kingdom, Luxembourg, Hong Kong, Japan, Singapore and Switzerland. Millennium Management and its affiliates generally endeavor to conduct such activities in a manner suc
and Millennium USA has been structured, among other reasons, to give U.S. taxpayers an opportunity to invest in the Master Partnership indirectly. Capital Structure Millennium USA and Millennium International and other existing feeder funds have, and feeder funds that may be formed in the future may have, a var
h source as discussed above. Luxembourg Taxation Millennium USA and the Master Partnership have been separately advised as follows with respect to Luxembourg taxation. Classification of the Master Partnership and Millennium USA as Foreign Taxpayers. For Luxembourg tax purposes, entities which do not have
ct or indirect subsidiaries that may trade in their own names and are generally consolidated into the financial reports of the Master Partnership. Capital Structure The equity ownership of the Master Partnership is divided into general partner interests and limited partner interests. The interests differ in the
h source as discussed above. Luxembourg Taxation Millennium USA and the Master Partnership have been separately advised as follows with respect to Luxembourg taxation. Classification of the Master Partnership and Millennium USA as Foreign Taxpayers. For Luxembourg tax purposes, entities which do not have
ct or indirect subsidiaries that may trade in their own names and are generally consolidated into the financial reports of the Master Partnership. Capital Structure The equity ownership of the Master Partnership is divided into general partner interests and limited partner interests. The interests differ in the
Entities connected to both Luxembourg and Capital Structure

United Kingdom
LOCATION
United States
LOCATION
Malaysia
LOCATION
New York
LOCATION
George W. Bush
PERSONCayman
LOCATIONKeogh
ORGANIZATION
Cayman Islands
LOCATION
Ghislaine Maxwell
PERSONthe U.S. Investment Company Act
ORGANIZATION
University of Oxford
ORGANIZATION
Moody's
ORGANIZATION
U.S. Treasury
ORGANIZATION
Paul Volcker
PERSON
the Internal Revenue Service
ORGANIZATIONthe District of Columbia
LOCATIONthe American Stock Exchange
ORGANIZATION
Wilbur Ross
PERSONthe New York Stock Exchange
ORGANIZATION
David Cameron
PERSON