ities. Furthermore, if additional securities arc issued after the Closing Date. such securities may not be issued in the same proportion as existing Classes of Notes. which may reduce the Issuer's level of investment leverage. This would likely adversely affect returns on the Subordinated Securities. In addition

bligor or industry sector will represent a higher percentage of the Aggregate Outstanding Amount of the Subordinated Securities (or any other junior Classes of Notes) than it represents in relation to the aggregate principal amount of the total portfolio, there can be no assurance that the diversification guideli

defined in the Code) of that entity. A tax-exempt U.S. holder that owns more than 50% of the outstanding Subordinated Securities and also owns other Classes of Notes should consider the possible application of the special UBTI rules for amounts received from controlled entities. A tax-exempt entity may not make

ities. Furthermore, if additional securities arc issued after the Closing Date. such securities may not be issued in the same proportion as existing Classes of Notes. which may reduce the Issuer's level of investment leverage. This would likely adversely affect returns on the Subordinated Securities. In addition

bligor or industry sector will represent a higher percentage of the Aggregate Outstanding Amount of the Subordinated Securities (or any other junior Classes of Notes) than it represents in relation to the aggregate principal amount of the total portfolio, there can be no assurance that the diversification guideli

defined in the Code) of that entity. A tax-exempt U.S. holder that owns more than 50% of the outstanding Subordinated Securities and also owns other Classes of Notes should consider the possible application of the special UBTI rules for amounts received from controlled entities. A tax-exempt entity may not make