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. Millennium USA carries out its investment and trading activities primarily by investing in Millennium Partners, L.P. (the "Master Partnership"), a Cayman DOC ID- 29147063.5 CONFIDENTIAL UBSTERRAMAR00003927 EFTA00239259 FOR EXISTING INVESTOR USE ONLY Islands exempted limited partnership initially
atters Relating to an Investment in Millennium USA" and "Certain Tax Matters Relating to the Master Partnership" in the Underlying Fund Memorandum. Importance of Obtaining Professional Advice The foregoing analysis is not intended as a substitute for careful tax planning. Accordingly, prospective Investors in the AlphaKeys Fund are stron
. Millennium USA carries out its investment and trading activities primarily by investing in Millennium Partners, L.P. (the "Master Partnership"), a Cayman Islands exempted limited partnership initially organized in 1989 as a Delaware limited partnership, but it may also trade and invest part of its ca
tters Relating to an Investment in Millennium USA" and "Certain Tax Matters Relating to the Master Partnership" in the Underlying Fund Memorandum. Importance of Obtaining Professional Advice The foregoing analysis is not intended as a substitute for careful tax planning. Accordingly, prospective Investors in the AlphaKeys Fund are stron
gy"). Millennium USA carries out its investment and trading activities primarily by investing in Millennium Partners, (the "Master Partnership"), a Cayman Islands exempted limited partnership initially organized in 1989 as a Delaware limited partnership, but it may also trade and invest part of its ca
tters Relating to an Investment in Millennium USA" and "Certain Tax Matters Relating to the Master Partnership" in the Underlying Fund Memorandum. Importance of Obtaining Professional Advice The foregoing analysis is not intended as a substitute for careful tax planning. Accordingly, prospective Investors in the AlphaKeys Fund are stron
Entities connected to both Cayman and Importance of Obtaining Professional Advice

United States
LOCATION
Ghislaine Maxwell
PERSON
UBS AG
ORGANIZATION
U.S. Treasury
ORGANIZATION
Cayman Islands
LOCATION
New York
LOCATIONKeogh
ORGANIZATIONthe District of Columbia
LOCATION
the Internal Revenue Service
ORGANIZATIONErnst & Young LLP
ORGANIZATIONthe U.S. Investment Company Act
ORGANIZATION
Paul Volcker
PERSON
Millennium
ORGANIZATION
Philadelphia
LOCATION
Federal Reserve
ORGANIZATIONthe U.S. Department of Labor
ORGANIZATIONManagement of Millennium USA
ORGANIZATIONMillennium Partners
ORGANIZATIONThe Master Partnership's Organization
ORGANIZATIONthe New York Stock Exchange
ORGANIZATION