Within MODEST YIELD WITH SAFETY, we recommend CCM Merger International Game Technology Gaming & Leisure Properties, MGM Resorts International. and MGM Growth Properties. Exhibit 2: Modest Yield With Safety Recommendations Security Rating MYSZIP Necked Price MN STW MOTOR 6.0%Sr Unsec Notes 2022 Buy Gas I/8-

rchases of $328 million, $250 million of dividends to shareholders, $5 million of investments in affiliates, and $294 million of distributions from MGM Growth Properties, we project total cash burn of 5697 million in 2017. Using our projected total debt of $11.25 billion and cash interest of $629 million, we estimat

risks to our call include lower-than-expected convention volumes, unfavorable table hold in Macau may lead to EBITDA coming in below expectations. MGM Growth Properties. We continue to believe that MGP will continue to utilize its premium valuation, ample liquidity, and low-cost debt to complete leverage neutral ac