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while not accurately characterizing or while failing to adequately disclose the true nature and risks associated with these investments. Although Raymond James' auction rate securities trade confirmations disclosed the risk that auction rate securities auctions could fail and that Raymond James were not obl
iability in the event of an adjustment imposed as a result of a tax audit by the U.S. Internal Revenue Service (the "IRS") (such audit procedures, the "Partnership Audit Rules"). For Confidential Private Placement Memorandum 77 EFTA01398075 Greg Martin ection : Certain Legal, ERISA and Tax Considerations Glendower Ca
while not accurately characterizing or while failing to adequately disclose the true nature and risks associated with these investments. Although Raymond James' auction rate securities trade confirmations disclosed the risk that auction rate securities auctions could fail and that Raymond James were not obl
iability in the event of an adjustment imposed as a result of a tax audit by the U.S. Internal Revenue Service (the "IRS") (such audit procedures, the "Partnership Audit Rules"). For Confidential Private Placement Memorandum 77 EFTA01396033 GLDUS125 Gerald Ford Section 9: Certain Legal, ERISA and Tax Considerations G
while not accurately characterizing or while failing to adequately disclose the true nature and risks associated with these investments. Although Raymond James' auction rate securities trade confirmations disclosed the risk that auction rate securities auctions could fail and that Raymond James were not obl
iability in the event of an adjustment imposed as a result of a tax audit by the U.S. Internal Revenue Service (the "IRS") (such audit procedures, the "Partnership Audit Rules"). For Confidential Private Placement Memorandum 77 EFTA01396597 GLDUS126 Pacific Life Insurance Co Section 9: Certain Legal, ERISA and Tax Con
while not accurately characterizing or while failing to adequately disclose the true nature and risks associated with these investments. Although Raymond James' auction rate securities trade confirmations disclosed the risk that auction rate securities auctions could fail and that Raymond James were not obl
iability in the event of an adjustment imposed as a result of a tax audit by the U.S. Internal Revenue Service (the "IRS") (such audit procedures, the "Partnership Audit Rules"). For Confidential Private Placement Memorandum 77 EFTA01395569 GLDUS143 Henry Nicholas Section 9: Certain Legal, ERISA and Tax Considerations
while not accurately characterizing or while failing to adequately disclose the true nature and risks associated with these investments. Although Raymond James' auction rate securities trade confirmations disclosed the risk that auction rate securities auctions could fail and that Raymond James were not obl
iability in the event of an adjustment imposed as a result of a tax audit by the U.S. Internal Revenue Service (the "IRS") (such audit procedures, the "Partnership Audit Rules"). For Confidential Private Placement Memorandum 77 EFTA01397270 GLDUS127 Annandale Capital Section 9: Certain Legal, ERISA and Tax Considerati
Entities connected to both Raymond James' and the "Partnership Audit Rules

Puerto Rico
LOCATIONthe Securities and Exchange Commission
ORGANIZATIONCREDIT SUISSE SECURITIES (USA) LLC
ORGANIZATION
New York State
LOCATION
Credit Suisse
ORGANIZATIONGlendower Capital
ORGANIZATIONRaymond James & Associates, Inc.
ORGANIZATIONthe U.S. Investment Company Act
ORGANIZATION
Finland
LOCATION
European Union
ORGANIZATION
United Kingdom
LOCATION
Denmark
LOCATIONGlendower
LOCATIONthe Carried Interest
ORGANIZATIONFinancial Conduct Authority
ORGANIZATION
BAHRAIN
LOCATIONAIFMD
ORGANIZATIONnon-U.S. Investors
ORGANIZATIONAustralian Securities and Investments Commission
ORGANIZATIONthe SOF Program
ORGANIZATION