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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
ed Interests tentatively credited to each Limited Partner's capital accounts (excluding, in Millennium Management's discretion, capital accounts of Special Limited Partners4) for the year will be reallocated to the capital accounts of Millennium Management as its "Incentive Allocation." The Net Capital Appreci
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
llennium USA tentatively credited to each Limited Partner's capital accounts (excluding, in Millennium Management's discretion, capital accounts of Special Limited Partners4 but including the amount of any Early Withdrawal Charge withheld for the benefit of such Limited Partners) for the year will be reallocate
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
llennium USA tentatively credited to each Limited Partner's capital accounts (excluding, in Millennium Management's discretion, capital accounts of Special Limited Partners4 but including the amount of any Early Withdrawal Charge withheld for the benefit of such Limited Partners) for the year will be reallocate
Entities connected to both Luxembourg and Special Limited

Finland
LOCATION
Denmark
LOCATION
United Kingdom
LOCATION
United States
LOCATION
Malaysia
LOCATION
European Union
ORGANIZATIONCarried Interest
ORGANIZATION
Cayman Islands
LOCATION
Prince Charles
PERSONGlendower Capital
ORGANIZATIONGlendower
LOCATION
New York
LOCATION
George W. Bush
PERSONGlendower Capital SOF IV
ORGANIZATIONSOF IV
ORGANIZATIONCayman
LOCATION
the Office of Foreign Assets Control
ORGANIZATIONKeogh
ORGANIZATION
Columbia University
LOCATIONthe U.S. Investment Company Act
ORGANIZATION