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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
y of the Fund were to leave the Fund, the Fund would have no ability to continue to trade the particular strategy using the intellectual property. Formation of Additional Funds Millennium has organized and retains the right to organize additional investment vehicles and to advise additional clients. As set forth below in the
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
folio Manager were to leave the Fund, the Fund would have no ability to continue to trade the particular strategy using the intellectual property. Formation of Additional Funds Although the Master Partnership and the Feeder Funds are the only investment funds currently managed by Millennium and its affiliated management co
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
folio Manager were to leave the Fund, the Fund would have no ability to continue to trade the particular strategy using the intellectual property. Formation of Additional Funds Although the Master Partnership and the Feeder Funds are the only investment funds currently managed by Millennium and its affiliated management co
Entities connected to both Capital Structure and Formation of Additional Funds

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