spect of a revolving Collateral Obligation may be subject to U.S. withholding tax. which would reduce the Issuer's net income from such activities. Tax Treatment of US. Holders of the Senior Notes Status of, and Interest and Discount on, the Class .1 Notes. The Class A Notes will be treated as debt for U.S. federa

es. Issuance of Notes. For U.S. federal income tax purposes, the Issuer, and not the Co-Issuer, will be treated as the issuer of the Senior Notes. Tax Treatment of US. Holders of Rated Notes Status of and Interest on, the Class A Notes The Class A Notes will be treated as debt for U.S. federal income tax purposes

OID. Further information regarding OID may be obtained by contacting the Issuer at its registered office as described under "Issuer and Co-Issuer." Tax Treatment of US. Holders of Subordinated Securities The Preferred Shares will be treated as equity interests in the Issuer for U.S. federal income tax purposes. Th

spect of a revolving Collateral Obligation may be subject to U.S. withholding tax. which would reduce the Issuer's net income from such activities. Tax Treatment of US. Holders of the Senior Notes Status of, and Interest and Discount on, the Class .1 Notes. The Class A Notes will be treated as debt for U.S. federa

OID. Further information regarding OID may be obtained by contacting the Issuer at its registered office as described under "Issuer and Co-Issuer." Tax Treatment of US. Holders of Subordinated Securities The Preferred Shares will be treated as equity interests in the Issuer for U.S. federal income tax purposes. Th