Epstein Secrets

unsel, Davis Polk & Wardwell LLP, has advised that it believes this treatment to be reasonable, but that there are other reasonable treatments that the Internal Revenue Service (the "IRS") or a court may adopt. Sale, Exchange or Redemption of a Note. Assuming the treatment described above is respected, upon a sale or exchan

and not rely on our views in any respect. You should make a complete investigation as to the merits of an investment in the notes before investing. Historical results not indicative of future performance. The historical or hypothetical performance of the Underlier should not be taken as an indication of the

Millennium Fund. This document is not intended or written to be used, and cannot be used, by any Investor for the purpose of avoiding penalties that the Internal Revenue Service might seek to impose on such Investor. Each Investor should seek advice based upon such Investor's circumstances from an independent tax adviser. L

n and should be lead in conjunction herewith. ML281837-MAXWELL SUBS Private and confidential 6 CONFIDENTIAL UBSTERRAMAR00001174 EFTA00236820 Historical and illustrative performance—AlphaKeys Millennium Funds Since inception, the Millennium funds have outperformed market indexes' January 1, 1990 — J

CONFIDENTIAL HOUSE_OVERSIGHT_024083 X. CERTAIN TAX AND ERISA CONSIDERATIONS IN ACCORDANCE WITH U.S. TREASURY REGULATIONS GOVERNING PRACTICE BEFORE THE INTERNAL REVENUE SERVICE (CIRCULAR 230), LEGAL COUNSEL TO THE FUND HEREBY INFORMS INVESTORS THAT (A) THE INFORMATION BELOW (OR OTHERWISE CONTAINED IN THIS DOCUMENT) IS NOT IN

markets mature and begin moving towards the standards of their counterparts in developed economies. The size of the middle *! CMS, OECD, Eurostat 22 Historical data from Centers for Medicare and Medicaid Services, Office of the Actuary, National Health Statistics Group U.S. Census Bureau Alvarez & Marsal he