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chi Stock Exchange and regulated by the Securities and Exchange Commission of Pakistan. Saudi Arabia: J.P. Morgan Saudi Arabia Ltd. is authorized by the Capital Market Authority of the Kingdom of Saudi Arabia (CMA) to carry out dealing as an agent. arranging. advising and custody, with respect to securities business under li
Carnival Corporation (CCL), Harley-Davidson (HOG), Hertz Global Holdings, Inc. (FITZ), Norwegian Cruise Line (NCLH), Royal Caribbean Cruises (RCL), Ryman Hospitality Properties (RHP) J.P. Morgan Equity Research Ratings Distribution, as of March 31, 2014 Overweight Neutral Underweight (buy) (hold) (sell) J.P. Morgan Gl
chi Stock Exchange and regulated by the Securities and Exchange Commission of Pakistan. Saudi Arabia: J.P. Morgan Saudi Arabia Ltd. is authorized by the Capital Market Authority of the Kingdom of Saudi Arabia (CMA) to carry out dealing as an agent. arranging. advising and custody, with respect to securities business under li
, Carnival Corporation (CCL), Harley-Davidson (HOG), Hertz Global Holdings, Inc. (HTZ), Norwegian Cruise Line (NCLH), Royal Caribbean Cruises (RCL), Ryman Hospitality Properties (RHP) J.P. Morgan Equity Research Ratings Distribution, as of March 31, 2014 Overweight Neutral Underweight (buy) (hold) (sell) J.P. Morgan Gl
alle Hotel Properties LHO LHO US Shaun C. Kelley Pebblebrook Hotel Trust PEB PEB US Shaun C. Kelley Penn National Gaming PENN PENN US Shaun C. Kelley Ryman Hospitality Properties RHP RHP US Shaun C. Kelley Wynn Resorts Ltd WYNN WYNN US Shaun C. Kelley UNDERPERFORM Ashford Hospitality Trust AHT AHT US Shaun C. Kelley DiamondRo
Page: HOUSE_OVERSIGHT_014647 →co Multiplo S.A., regulated by Comissao de Valores Mobiliarios; Merrill Lynch KSA Company, errill Lynch Kingdom of Saudi Arabia Company, regulated by the Capital Market Authority. This research report: has been approved for publication and is distributed in the United Kingdom (UK) to professional clients and eligible counterpa
Page: HOUSE_OVERSIGHT_014650 →Entities connected to both the Capital Market Authority and Ryman Hospitality Properties

Malaysia
LOCATION
New Zealand
LOCATION
the Financial Services Agency
ORGANIZATION
Frankfurt
LOCATIONthe Prudential Regulation Authority
ORGANIZATIONthe Securities Commission
ORGANIZATIONthe Securities and Futures Commission
ORGANIZATIONJapan Investment Advisers Association
ORGANIZATIONKanto Local Finance Bureau
ORGANIZATION
Philippines
LOCATIONthe Central Bank of Brazil
ORGANIZATION
Bloomberg L.P.
ORGANIZATION
JPMorgan Chase
ORGANIZATIONthe Securities and Exchange Commission
ORGANIZATIONDubai Branch
ORGANIZATIONthe Indonesia Stock Exchange
ORGANIZATIONthe Hong Kong
LOCATIONthe Karachi Stock Exchange
ORGANIZATIONCapital Markets Services License
ORGANIZATIONthe Mexican Stock Exchange
ORGANIZATION