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Investment Strategy
ectively). MLIBLMB and Merrill Lynch (Singapore} are regulated by MAS. Bank of America N.A, Australian Branch (ARBN 064 874 531), AFS License 412901 (BANA Australia) and Merrill Lynch Equities (Australia) Limited (ABN 65 006 276 795), AFS License 235132 (MLEA) distribute this report in Australia only to ‘Wholesal
Page: HOUSE_OVERSIGHT_014457 →ector, region or other classification(s). A stock’s coverage cluster is included in the most recent BofA Merrill Lynch report referencing the stock. BofA Merrill Lynch Research Personnel (including the analyst(s) responsible for this report) receive compensation based upon, among other factors, the overall profitability of Bank of Ame
Page: HOUSE_OVERSIGHT_014457 →ectively). MLIBLMB and Merrill Lynch (Singapore} are regulated by MAS. Bank of America N.A, Australian Branch (ARBN 064 874 531), AFS License 412901 (BANA Australia) and Merrill Lynch Equities (Australia) Limited (ABN 65 006 276 795), AFS License 235132 (MLEA) distribute this report in Australia only to ‘Wholesal
Page: HOUSE_OVERSIGHT_014496 →ector, region or other classification(s). A stock’s coverage cluster is included in the most recent BofA Merrill Lynch report referencing the stock. BofA Merrill Lynch Research Personnel (including the analyst(s) responsible for this report) receive compensation based upon, among other factors, the overall profitability of Bank of Ame
Page: HOUSE_OVERSIGHT_014496 →ectively). MLIBLMB and Merrill Lynch (Singapore} are regulated by MAS. Bank of America N.A, Australian Branch (ARBN 064 874 531), AFS License 412901 (BANA Australia) and Merrill Lynch Equities (Australia) Limited (ABN 65 006 276 795), AFS License 235132 (MLEA) distribute this report in Australia only to ‘Wholesal
Page: HOUSE_OVERSIGHT_014650 →tes: Aetna Inc, Consolidated Edison, Dover Corp, General Dynamics, Hess, MGM Resorts, Norfolk Southern, SVB Financial, Texas Instrument, TripAdvisor. BofA Merrill Lynch Research Personnel (including the analyst(s) responsible for this report) receive compensation based upon, among other factors, the overall profitability of Bank of Ame
Page: HOUSE_OVERSIGHT_014650 →of MLPF&S and/or one or more of its affiliates: BAE SYSTEMS, Bahrain, Bahrain (Treasury), Dubai, Qatar, Qatar (Central Bank), SABIC, THALES, Yansab. BofA Merrill Lynch Research Personnel (including the analyst(s) responsible for this report) receive compensation based upon, among other factors, the overall profitability of Bank of Ame
Page: HOUSE_OVERSIGHT_016193 →35132 (MLEA) distribute this report in Australia only to ‘Wholesale’ clients as defined by s.761G of the Corporations Act 2001. With the exception of BANA Australia, neither MLEA nor any of its affiliates involved in preparing this research report is an Authorised Deposit-Taking Institution under the Banking Act
Page: HOUSE_OVERSIGHT_016194 →Entities connected to both BANA Australia and BofA Merrill Lynch Research Personnel
Merrill Lynch Canada Inc
ORGANIZATION
Merrill Lynch
ORGANIZATION
Bank of America
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATIONMerchant Bank
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONMerrill Lynch KSA Company
ORGANIZATION
United Kingdom
LOCATIONthe Central Bank of Ireland
ORGANIZATION
the Financial Services Agency
ORGANIZATIONDSP Merrill Lynch Limited
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATION
Michael Bloomberg
PERSON
Seoul
LOCATIONBank of America Merrill Lynch International Limited
ORGANIZATIONThe Financial Service Board
ORGANIZATION
Frankfurt
LOCATIONMerrill Lynch Equities (Australia) Limited
ORGANIZATIONBaFin
ORGANIZATION