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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
Fund to liquidate such securities at disadvantageous prices negatively impacting the performance of the Fund. Extraordinary Market Conditions and Governmental Actions Unpredictable or unstable market conditions may result in reduced opportunities to find suitable investments to deploy capital or make it more diff
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
els of debt or inflation than others. ML281817-MAXWELL II-17 CONFIDENTIAL UBSTERRAMAR00002433 EFTA00237989 Extraordinary Market Conditions and Governmental Actions Beginning in 2008 and continuing at least through the date of this Confidential Memorandum, world financial markets experienced a series of extraor
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
gher levels of debt or inflation than others. -MAXWELL II-17 CONFIDENTIAL UBSTERRAMAR00001380 EFTA00237026 Extraordinary Market Conditions and Governmental Actions Beginning in 2008 and continuing at least through the date of this Confidential Memorandum, world financial markets experienced a series of extraor
Entities connected to both Luxembourg and Governmental Actions

United Kingdom
LOCATION
United States
LOCATION
Malaysia
LOCATION
European Union
ORGANIZATION
New York
LOCATION
George W. Bush
PERSONCayman
LOCATIONthe European Economic Area
LOCATIONKeogh
ORGANIZATION
University of Oxford
ORGANIZATIONthe U.S. Investment Company Act
ORGANIZATION
Ghislaine Maxwell
PERSONthe American Stock Exchange
ORGANIZATION
the Internal Revenue Service
ORGANIZATION
U.S. Treasury
ORGANIZATION
JPMorgan Chase
ORGANIZATION
Wilbur Ross
PERSON
Dalton School
ORGANIZATION
Tokyo
LOCATIONthe State of New York
LOCATION