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and Millennium USA has been structured, among other reasons, to give U.S. taxpayers an opportunity to invest in the Master Partnership indirectly. Capital Structure Millennium USA and Millennium International and other existing feeder funds have, and feeder funds that may be formed in the future may have, a var
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
ct or indirect subsidiaries that may trade in their own names and are generally consolidated into the financial reports of the Master Partnership. Capital Structure The equity ownership of the Master Partnership is divided into general partner interests and limited partner interests. The interests differ in the
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
ct or indirect subsidiaries that may trade in their own names and are generally consolidated into the financial reports of the Master Partnership. Capital Structure The equity ownership of the Master Partnership is divided into general partner interests and limited partner interests. The interests differ in the
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 Capital Structure and Governmental Actions

United Kingdom
LOCATIONthe U.S. Investment Company Act
ORGANIZATIONMaster-Feeder Relationship
ORGANIZATIONErnst & Young LLP
ORGANIZATIONThe Master Partnership's Organization
ORGANIZATION
U.S. Treasury
ORGANIZATION
New York
LOCATIONManagement of Millennium USA
ORGANIZATIONKeogh
ORGANIZATIONMillennium Partners
ORGANIZATIONMillennium USA's
LOCATIONMillennium International, Ltd.
ORGANIZATIONCayman
LOCATIONIndependent Public Accountants
ORGANIZATION
Millennium
ORGANIZATIONTrigger Event
ORGANIZATION
Ghislaine Maxwell
PERSON
United States
LOCATION
Wilbur Ross
PERSONAccounting Period
ORGANIZATION