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cts. Private nvommert searches (roldisg duct oanceme on program a-4 real wide investment hat untie es) and structured pair& are &walk highly BOA. Conan structured prodzcts few not been registered with the Securities and Exchange CannleSal or under any setae securities laws. We porde *treated vales
ivate nwSlment SeCtnlieS (rc With drect pan <oat un program and real estate imestment trust mirrors) and structured porlacts are orinnalg liacuaci Conan ;nurtured on:duns have not been registered with the SeCuitiel and Exchange Cannusion or under any State smuntres laws. We soothe estmtted vales fo
We and our affiliate also receive netviorPrg and asters processing tees in comedrahon for transfer agent "mats that we provide to he Mi.eual funds Thew lees generally X. paid from investor assets n the mutual taxi and are a toted dollar amoral based on the rurrbee Ol accounts at the broker-dealer holca
. hint. 6...strove secultas (hcbdtip drect participation crcqam arid real estate investment its searites) red strutted podxts ale generaly highly Conan stna.red proicts have not been registered wits the Securities and Exaltat Commosion a under any state securties laws. %r prate estenated wean for p
tie Inn — We and 0.1" teate also recewe numbing and embus woceseng lees in coraideration for transfer agent rants that we wad* to the maid lards. Thew lees generally are pad from investor assets h the nutual fund and are a fired dells amount bused an the nutter of accounts at the broke-dealer holdng m
indepoas *II be held fa one war San the statement &Nor mid murky AcarrY ad coninned yea ae not sue:areal • Amu not held by MIS financial S entice Conan anal we not NObytePm ad not voter, the lents possessor, or anvol Thew assets it departed en your mamma for irdonnabang maposes only Poshms rd yak
We and 0.e" affable also recewe nemerking and ormtus processing lees in cortleration for transfer agent secures that we Froth to the n ada lards. Thew lees generally are pad from investor asses in the nab' fund and are a fold dela amount based as the weber of accounts at the broke-dealer holdng maul f
cb. hiss* mestmen swain (ncl.drip drect paticipation croyam andreal estate investment its searites) ad squared pratku are generely highly Aiyiel. Conan stn_ckred proists how not been registered wits the Securities and Exeha Cownesion a under ant state securties laws. We prode est/meted vakses for
Inn — We and as atMate also retest netwaking and orrnbus processing len in consideration for treater era unto; that wo parish to the rrulual Kra Thew lees rink, are pad from investor aces h the mitual kind and are a feed dala amount based an the number of accounts at the brokerdeale holdng endued fu
Entities connected to both Conan and Thew lees

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NEW YORK NY
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ORGANIZATIONWeehawken
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ORGANIZATIONUPS AG
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