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rtner should not be subject to New York State personal income tax with respect to his share of income or gain realized directly by Millennium USA. Individual Limited Partners who are residents of New York State and New York City should be aware that the New York State and New York City personal income tax laws limit the
tion of the outstanding Offered Interests into another class of Interests of Millennium USA with substantially the same rights and characteristics. Management of Millennium USA The general partner of Millennium USA and the general partner of the Master Partnership is Millennium Management, a Delaware limited liability comp
rtner should not be subject to New York State personal income tax with respect to his share of income or gain realized directly by Millennium USA. Individual Limited Partners who are residents of New York State and New York City should be aware that the New York State and New York City personal income tax laws limit the
tion of the outstanding Offered Interests into another class of Interests of Millennium USA with substantially the same rights and characteristics. Management of Millennium USA The general partner of Millennium USA and the general partner of the Master Partnership is Millennium Management, a Delaware limited liability comp
rtner should not be subject to New York State personal income tax with respect to his share of income or gain realized directly by Millennium USA. Individual Limited Partners who are residents of New York State and New York City should be aware that the New York State and New York City personal income tax laws limit the
tion of the outstanding Offered Interests into another class of Interests of Millennium USA with substantially the same rights and characteristics. Management of Millennium USA The general partner of Millennium USA and the general partner of the Master Partnership is Millennium Management, a Delaware limited liability comp
Entities connected to both Individual Limited Partners and Management of Millennium USA

New York
LOCATION
U.S. Treasury
ORGANIZATIONCayman
LOCATIONthe U.S. Investment Company Act
ORGANIZATIONMillennium USA's
LOCATIONErnst & Young LLP
ORGANIZATIONThe Master Partnership's Organization
ORGANIZATIONKeogh
ORGANIZATIONMillennium International, Ltd.
ORGANIZATION
Millennium
ORGANIZATIONTrigger Event
ORGANIZATIONMillennium Partners
ORGANIZATIONMaster-Feeder Relationship
ORGANIZATION
the Internal Revenue Service
ORGANIZATIONCapital Structure
ORGANIZATION
the Cayman Islands
LOCATION
United States
LOCATIONIndependent Public Accountants
ORGANIZATIONDeductibility of Interest
ORGANIZATIONDistributions of Property
ORGANIZATION